Note 16 - Net Income Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

16.    Net INCOME PER SHARE

Basic net income per share is computed by dividing net income attributable to Intelligent Systems Corporation (numerator) by the weighted average number of common shares outstanding (denominator) during the period and excludes the dilutive effect of stock options. Diluted income per share gives effect to all dilutive potential common shares outstanding during a period. In computing diluted income per share, the average stock price for the period is used in determining the number of shares assumed to be reacquired under the treasury stock method for the hypothetical exercise of stock options.

The following tables represent required disclosure of the reconciliation of the income and the shares used in the basic and diluted income per share computation:

Year ended December 31,
(in thousands, except per share data)	2013		2012
Basic
Net income attributable to Intelligent Systems Corporation	$	1,084	$	534
Weighted average common shares outstanding		8,958		8,958
Net income per share	$	0.12	$	0.06
Diluted
Net income attributable to Intelligent Systems Corporation	$	1,084	$	534
Weighted average common shares outstanding		8,958		8,958
Effect of dilutive potential common shares: stock options		2		10
Total		8,960		8,968
Net income per share	$	0.12	$	0.06

At December 31, 2013 and 2012, respectively, there were 113,500 and 24,000 dilutive stock options exercisable, which had an immaterial impact on the calculation of diluted income per share.