Note 5 - Earnings Per Common Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. Earnings per Common Share

We calculate basic earnings per common share data using the weighted average number of common shares outstanding during the period. Diluted per-share data reflects the potential dilution that would occur if common stock equivalents were exercised or converted to common stock but only to the extent that they are considered dilutive to our earnings. The following table is a reconciliation of basic and diluted per share data for the following periods (dollars in thousands, except per share amounts):

	Three Months Ended March 31,
	2014			2013
Basic
Net (loss) income	$	(151	)	$	1,205
Weighted average shares outstanding		19,284			19,093
Basic (loss) earnings per common share	$	(0.01	)	$	0.06
Diluted
Net (loss) income	$	(151	)	$	1,205
Weighted average shares outstanding		19,284			19,093
Effect of dilutive securities
Stock options		-			-
Restricted stock		-			190
Weighted average common shares and potential dilutive shares		19,284			19,283
Diluted (loss) earnings per common share	$	(0.01	)	$	0.06
Anti-dilutive options (excluded from diluted net (loss) earnings per share computations)		109,000			196,000
Anti-dilutive restricted stock units (excluded from diluted net (loss) earnings per share computations)		107,000			99,000