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Note 3 - Earnings per Share ("EPS")
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
3. Earnings per Share (“EPS”)

Basic EPS is calculated by dividing net income by the weighted average number of shares outstanding during the period. Unvested restricted shares, although legally issued and outstanding, are not considered outstanding for purposes of calculating basic earnings per share. Diluted EPS is calculated by dividing net income by the weighted average number of shares outstanding plus the dilutive effect, if any, of outstanding stock options, stock appreciation rights (“SAR’s”), restricted shares and restricted stock units (collectively “RSA’s”) using the treasury stock method.

The following table provides share information used in the calculation of the Company's basic and diluted earnings per share:

   
Year ended December 31,
 
   
2013
   
2012
   
2011
 
Shares used in the calculation of Basic earnings per share
    14,086,912       13,260,739       13,064,051  
Effect of dilutive securities:
Stock options, SAR's, RSA's, and shares held in escrow
    738,687       1,083,838       683,762  
Diluted shares used in the calculation of earnings per share
    14,825,599       14,344,577       13,747,813  

Stock options to purchase 21,326 shares, 131,273 shares, and 1,142,840 shares for 2013, 2012 and 2011, respectively, were excluded from the computation of diluted EPS as their effect would have been anti-dilutive.

At December 31, 2013, 2012 and 2011, 52,339 shares, 54,124 shares, and 59,196 shares of issued and outstanding unvested restricted stock, respectively, were excluded from the basic earnings per share calculation in accordance with ASC 260.