XML 34 R15.htm IDEA: XBRL DOCUMENT
v3.19.3

Note 8 - Earnings Per Share | 9 Months Ended
--- | ---
Sep. 30, 2019
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 8 : 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 (loss) 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 following table summarizes the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018:
(Net income in thousands) |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Basis (loss) earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income attributable to Common shareholders |  | $ | 27 |  |  | $ | 769 |  |  | $ | (1,305 | ) |  | $ | 2,870 |
Divided by: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 3,922,783 |  |  |  | 3,904,751 |  |  |  | 3,920,678 |  |  |  | 3,903,056 |
Basic (loss) earnings per common share |  | $ | 0.01 |  |  | $ | 0.20 |  |  | $ | (0.33 | ) |  | $ | 0.74 |
Diluted (loss) earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income attributable to Common shareholders |  | $ | 27 |  |  | $ | 769 |  |  | $ | (1,305 | ) |  | $ | 2,870 |
Weighted average shares outstanding |  |  | 3,922,783 |  |  |  | 3,904,751 |  |  |  | 3,920,678 |  |  |  | 3,903,056 |
Effect of potentially dilutive restricted common shares |  |  | - | (1) |  |  | 14,067 |  |  |  | - | (2) |  |  | 17,974 |
Divided by: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average diluted shares outstanding |  |  | 3,922,783 |  |  |  | 3,918,818 |  |  |  | 3,920,678 |  |  |  | 3,921,030 |
Diluted (loss) earnings per common share |  | $ | 0.01 |  |  | $ | 0.20 |  |  | $ | (0.33 | ) |  | $ | 0.73 |
| ( 1 ) | The weighted average diluted shares outstanding does not include 417 anti-dilutive restricted common shares for the three months ended September 30, 2019.
| ( 2 ) | The weighted average diluted shares outstanding does not include 151 anti-dilutive restricted common shares for the nine months ended September 30, 2019.

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://fasb.org/us-gaap/role/ref/legacyRef -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