Note 2 - Loss Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 2.   Income (Loss) Per Share

Basic income (loss) per share excludes dilution and is computed by dividing earnings available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted income (loss) per share reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in our earnings. The calculation of diluted income (loss) per share for the three and six months ended June 30, 2013 and 2012 excludes all unexercised options and approximately 199,638 and 200,000 unvested shares, respectively, since the effect of any assumed exercise of the related awards would be anti-dilutive. Income (loss) per share is the same for both Class A and Class B shares.

The following table sets forth for the periods indicated the calculation of net income (loss) per share included in the condensed consolidated statements of operations:

(in thousands except per share data)	Three Months ended June 30,				Six Months ended June 30,
	2013		2012		2013			2012
Numerator:
Net income (loss)	$	1,891	$	4,251	$	(68	)	$	3,611
Denominator:
Denominator for basic earnings per share – weighted-average shares		14,852		14,732		14,809			14,727
Effect of dilutive securities:
Equivalent shares issuable upon conversion of unvested restricted stock		200		55		-			69
Equivalent shares issuable upon conversion of unvested employee stock options		-		-		-			-
Denominator for diluted earnings per share – adjusted weighted-average shares and assumed conversions		15,052		14,787		14,809			14,796
Basic income (loss) per share:	$	0.13	$	0.29	$	(0.00	)	$	0.25
Diluted income (loss) per share:	$	0.13	$	0.29	$	(0.00	)	$	0.24