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Note 8 - Net Income Per Share | 6 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE 8 – Net Income Per Share: The Company’s basic net income per share is computed based on the weighted average number of shares of common stock outstanding for the period. Diluted net income per share includes the effect of the Company’s outstanding stock options, stock appreciation rights, unvested shares of restricted stock and performance shares, if the inclusion of these items is dilutive. The following table presents a reconciliation of basic and diluted net income per share for the three and six months ended June 30, 2019 and 2018:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Net income used in the computation of basic and diluted net income per share (in thousands) |  | $ | 2,781 |  |  | $ | 3,817 |  |  | $ | 5,157 |  |  | $ | 6,267 |
Weighted average shares outstanding - basic |  |  | 14,952,802 |  |  |  | 14,956,221 |  |  |  | 14,940,072 |  |  |  | 14,888,940 |
Common stock equivalents |  |  | 334,555 |  |  |  | 603,183 |  |  |  | 334,934 |  |  |  | 619,577 |
Weighted average shares outstanding - diluted |  |  | 15,287,357 |  |  |  | 15,559,404 |  |  |  | 15,275,006 |  |  |  | 15,508,517 |
Per Share Data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 0.19 |  |  | $ | 0.26 |  |  | $ | 0.35 |  |  | $ | 0.42 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 0.18 |  |  | $ | 0.25 |  |  | $ | 0.34 |  |  | $ | 0.40 |
Awards to purchase approximately 316,095 shares of common stock with a weighted average exercise price of $20.95 per share were outstanding during the three months ended June 30, 2019, but were not included in the computation of diluted EPS because the awards’ exercise prices were greater than the average market price of the common shares. There were no awards to purchase shares of common stock outstanding during the three months ended June 30, 2018 excluded from the computation of diluted EPS because the award’s exercise prices were greater than the average market price of the common shares. Awards to purchase approximately 329,095 shares of common stock with a weighted average exercise price of $20.97 per share were outstanding during the six months ended June 30, 2019, but were not included in the computation of diluted EPS because the awards’ exercise prices were greater than the average market price of the common shares. There were no awards to purchase shares of common stock outstanding during the six months ended June 30, 2018 excluded from the computation of diluted EPS because the award’s exercise prices were greater than the average market price of the common shares.

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