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Note 8 - Earnings per share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

8)             Earnings per share


The computation of basic and diluted earnings per common share was as follows:


   

For the three months ended June 30,

   

For the six months ended June 30,

 
   

2013

   

2012

   

2013

   

2012

 

Net income available to common stockholders

  $ 18,156     $ 8,473     $ 32,206     $ 15,586  
                                 

Weighted average number of common shares outstanding

    43,334,441       41,319,057       43,132,398       41,316,958  

Effect of stock options

    27,114       143,537       24,429       160,906  

Weighted average diluted number of common shares outstanding

    43,361,555       41,462,594       43,156,827       41,477,864  
                                 

Basic earnings per share

  $ 0.42     $ 0.21     $ 0.75     $ 0.38  

Diluted earnings per share

  $ 0.42     $ 0.20     $ 0.75     $ 0.38  

Certain options to purchase shares of FutureFuel’s common stock were not included in the computation of diluted earnings per share for the three and six months ended June 30, 2012 as they were anti-dilutive. The weighted average number of options excluded on this basis for the three and six months ended June 30, 2012 was 240,000 and 180,000, respectively. No options to purchase shares of FutureFuel’s common stock were excluded for the computation of diluted earnings per share for the three and six months ended June 30, 2013.