Note 2 - Income Per Share

3 Months Ended

Mar. 31, 2015

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 includes all unexercised options and excludes a de minimis number of unvested shares since the effect of any assumed exercise of the related awards would be anti-dilutive for the three months ended March 31, 2015. 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 (loss) per share included in the condensed consolidated statements of operations:

(in thousands except per share data)	Three Months ended March 31,
	2015		2014
Numerator:
Net income (loss)	$	10,227	$	(1,374	)
Denominator:
Denominator for basic earnings per share – weighted-average shares		18,145		14,915
Effect of dilutive securities:
Equivalent shares issuable upon conversion of unvested restricted stock		147		-
Equivalent shares issuable upon conversion of unvested employee stock options		15		-
Denominator for diluted earnings per share – adjusted weighted-average shares and assumed conversions		18,307		14,915
Basic and diluted income (loss) per share:	$	0.56	$	(0.09	)