Note 2 - Income Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 2.   Income Per Share

Basic income 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 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 per share for the three and nine months ended September 30, 2013 excludes all unexercised options and approximately 179,278 and 195,672 unvested shares, respectively, and approximately 69,678 unvested shares for the three and nine months ended September 30, 2012, since the effect of any assumed exercise of the related awards would be anti-dilutive. Income 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 per share included in the condensed consolidated statements of operations:

(in thousands except per share data)	Three Months ended September 30,				Nine Months ended September 30,
	2013		2012		2013		2012
Numerator:
Net income	$	1,973	$	1,002	$	1,905	$	4,612
Denominator:
Denominator for basic earnings per share – weighted-average shares		14,864		14,757		14,827		14,737
Effect of dilutive securities:
Equivalent shares issuable upon conversion of unvested restricted stock		179		50		196		36
Equivalent shares issuable upon conversion of unvested employee stock options		-		-		-		-
Denominator for diluted earnings per share – adjusted weighted-average shares and assumed conversions		15,043		14,807		15,023		14,773
Basic income per share:	$	0.13	$	0.07	$	0.13	$	0.31
Diluted income per share:	$	0.13	$	0.07	$	0.13	$	0.31