Note 8 - Earning Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Text Block]

NOTE 8.  -  EARNINGS PER SHARE

Basic earnings per share are computed by dividing reported earnings available to common shareholders by weighted average common shares outstanding.  Diluted earnings per share give effect to dilutive potential common shares. Earnings per share are calculated as follows (in thousands, except per share data):

	Three months ended March 31,
	2012			2011
Basic net (loss) income per share:
Net (loss) income	$	(929	)	$	231
Weighted average common shares outstanding		6,914			6,787
Basic net (loss) income per share	$	(0.13	)	$	0.03
Diluted net (loss) income per share:
Net (loss) income	$	(929	)	$	231
Weighted average common shares outstanding		6,914			6,787
Dilutive stock options		-			124
Weighted average common shares outstanding      – assuming dilution		6,914			6,911
Diluted net (loss) income per share	$	(0.13	)	$	0.03
Outstanding stock options that were not included      in the diluted calculation because their effect      would be anti-dilutive		782			978