XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Note 6 - Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2017
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 6 : Earnings per share The Company is required to present basic earnings per share and diluted earnings per share in its Consolidated Statements of Operations. Basic earnings per share amounts are computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per share reflects additional common shares that would have been outstanding if potentially dilutive common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding unvested RSAs granted to directors and employees. The dilutive effect resulting from these potential shares is determined using the treasury stock method. The Company is also required to provide a reconciliation of the numerator and denominator used in the computation of both basic and diluted earnings per share. The computation of basic and diluted earnings per share for the three and six months ended June 30, 2017 and 2016 follows.
(Net income in thousands) |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Common shareholders |  | $ | 804 |  |  |  | (582 | ) |  |  | 2,534 |  |  |  | 71 |
Divided by: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 3,894,128 |  |  |  | 3,957,012 |  |  |  | 3,893,431 |  |  |  | 3,956,609 |
Basic earnings per common share |  | $ | 0.21 |  |  |  | (0.15 | ) |  |  | 0.65 |  |  |  | 0.02 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Common shareholders |  | $ | 804 |  |  |  | (582 | ) |  |  | 2,534 |  |  |  | 71 |
Weighted average shares outstanding |  |  | 3,894,128 |  |  |  | 3,957,012 |  |  |  | 3,893,431 |  |  |  | 3,956,609 |
Effect of potentially dilutive restricted common shares |  |  | 7,400 |  |  |  | - | (1) |  |  | 5,289 |  |  |  | 33,366 |
Divided by: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average diluted shares outstanding |  |  | 3,901,528 |  |  |  | 3,957,012 |  |  |  | 3,898,720 |  |  |  | 3,989,975 |
Diluted earnings per common share |  | $ | 0.21 |  |  |  | (0.15 | ) |  |  | 0.65 |  |  |  | 0.02 |
( 1 ) There were 1,073 shares excluded from the calculation of diluted net loss per share due to their anti-dilutive effect for the three month period ended June 30, 2016.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration