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Note 3 - Earnings Per Share | 6 Months Ended
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Jun. 30, 2014
EARNINGS PER SHARE [Abstract] |
Earnings Per Share [Text Block] | NOTE 3 - EARNINGS PER SHARE The Company provides dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net income by the average shares outstanding. Diluted earnings per share adds the dilutive effects of stock options to average shares outstanding. The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation.
|  | For the Three |  |  | For the Six |
|  | Months Ended |  |  | Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Weighted-average common shares issued |  |  | 2,227,556 |  |  |  | 2,206,794 |  |  |  | 2,225,555 |  |  |  | 2,198,033 |
Average treasury stock shares |  |  | (189,530 | ) |  |  | (189,530 | ) |  |  | (189,530 | ) |  |  | (189,530 | )
Weighted-average common shares and common stock equivalents used to calculate basic earnings per share |  |  | 2,038,026 |  |  |  | 2,017,264 |  |  |  | 2,036,025 |  |  |  | 2,008,503 |
Additional common stock equivalents (stock options) used to calculate diluted earnings per share |  |  | 6,538 |  |  |  | 6,697 |  |  |  | 6,156 |  |  |  | 8,557 |
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share |  |  | 2,044,564 |  |  |  | 2,023,961 |  |  |  | 2,042,181 |  |  |  | 2,017,060 |
Options to purchase 57,674 shares of common stock, at prices ranging from $17.55 to $40.24, were outstanding during the three and six months ended June 30, 2014. Of those options, 28,282 were considered dilutive based on the market price exceeding the strike price. Options to purchase 59,932 shares of common stock, at prices ranging from $17.55 to $40.24, were outstanding during the three and six months ended June 30, 2013. Of those options, 31,833 were considered dilutive for the three month period based on the market price exceeding the strike price. For the six months ended June 30, 2013, 49,394 options were considered dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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