Note 4 - Earnings Per Share.

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Text Block]

Note 4.  Earnings per Share.

The computations of basic and diluted earnings per share from continuing operations are as follows:

	Quarter Ended
	March 31,  2012		March 31, 2011
Net income from continuing operations attributable to shareholders	$	1,876	$	701
Amounts allocated to participating securities (nonvested shares and units) (i)		141		43
Net income from continuing operations attributable to common shareholders	$	1,735	$	658
Basic weighted average common shares(ii)		16,916,304		16,711,938
Potential dilutive securities(iii)		3,004		20,874
Diluted weighted average common shares		16,919,308		16,732,812
Earnings per share from continuing operations attributable to common shareholders
Basic	$	0.10	$	0.04
Diluted	$	0.10	$	0.04

(i)   Participating securities include 1,199,661 and 1,088,644 nonvested restricted shares for the quarters ended March 31, 2012 and 2011, respectively as well as 174,000 and 0 restricted share units for the quarters ended March 31, 2012 and 2011, respectively.

(ii)   Under the two-class method, basic weighted average common shares exclude outstanding nonvested participating securities consisting of restricted share awards of 1,199,661 and 1,088,644 for the quarters ended March 31, 2012 and 2011, respectively.

(iii)   Anti-dilutive shares related to stock options totaled 28,000 and 10,000 for the quarters ended March 31, 2012 and 2011, respectively.