XML 117 R38.htm IDEA: XBRL DOCUMENT

Note 1 - Summary of Significant Accounting Policies: Earnings Per Share (Policies)

12 Months Ended

Dec. 31, 2012

Earnings per Share

The computation of basic earnings per common share is based on the weighted average number of shares outstanding during each year.

The computation of earnings per common share assuming dilution is based on the weighted average number of shares outstanding during the year plus the weighted average common stock equivalents which would arise from the exercise of stock options outstanding using the treasury stock method and the average market price per share during the year.

The shares (in thousands) used in the computation of the Company’s basic and diluted earnings per share are reconciled as follows:

	2012	2011	2010
Weighted average number of shares outstanding – basic	3,677	3,631	3,621
Dilutive effect of stock options	34	14	22
Weighted average number of shares outstanding, assuming dilution	3,711	3,645	3,643

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References+ Details