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Note 11 - Earnings Per Share
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
NOTE
11:
     EARNINGS PER SHARE
 
In accordance with ASC
260,
basic earnings per share are computed by dividing net earnings available to common shareholders (the numerator) by the weighted average number of common shares (the denominator) for the period presented. The computation of diluted earnings per share is similar to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.
 
Stock options to purchase
387,930
shares of common stock were outstanding and
227,930
were exercisable during the
three
and
nine
months ended
September 30, 2018
as
no
options were issued during the
three
and
nine
months ended
September 30, 2018.
Stock options to purchase
381,930
shares were outstanding and
196,930
were exercisable during the
three
and
nine
months ended
September 30, 2017.
For the
three
and
nine
months ended
September 30, 2018,
none
of the outstanding options were included in the earnings per share calculation as their effect would have been anti-dilutive. For the
three
and
nine
months ended
September 30, 2017,
options to purchase
34,410
and
33,748
shares were included in the diluted earnings per share calculation respectively.
 
The potentially dilutive common shares from options are calculated in accordance with the treasury stock method, which assumes that proceeds from the exercise of all warrants and options are used to repurchase common stock at market value. The amount of shares remaining after the proceeds are exhausted represents the potential dilutive effect of the securities.