XML 34 R13.htm IDEA: XBRL DOCUMENT v3.2.0.727
Note 1 - Summary of Significant Interim Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2015
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2015
   
2014
   
2015
   
2014
 
Net earnings used in the computation of
basic and diluted earnings per share
  $ 3,624,000     $ 3,907,000     $ 5,667,000     $ 5,125,000  
                                 
Weighted average shares outstanding - basic
    13,730,646       13,207,804       13,657,784       13,168,375  
Common stock equivalents
    846,696       440,736       904,929       432,765  
Weighted average shares outstanding - diluted
    14,577,342       13,648,540       14,562,713       13,601,140  
Per Share Data:
                               
Basic
                               
Net earnings
  $ 0.26     $ 0.30     $ 0.41     $ 0.39  
Diluted
                               
Net earnings
  $ 0.25     $ 0.29     $ 0.39     $ 0.38  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   
No. of
   
Weighted Average
 
   
Shares
   
Exercise Price
 
Outstanding December 31, 2014
    1,118,058     $ 6.63  
Granted
    103,308       18.46  
Exercised
    (212,540 )     7.27  
Lapsed
    (5,000 )     5.78  
Cancelled
    -       -  
Outstanding June 30, 2015
    1,003,826     $ 7.71  
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]
   
No. of
   
Weighted Average
 
   
Shares
   
Exercise Price
 
Outstanding December 31, 2014
    522,024     $ 6.17  
Granted
    53,292       18.66  
Exercised
    (139,542 )     5.77  
Lapsed
    -       -  
Cancelled
    -       -  
Outstanding June 30, 2015
    435,774     $ 7.82  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Three months ended
               
June 30,
 
SARS
   
Options
 
                 
Exercise price
               
2015
 
N/A
      $16.78  
2014
 
N/A
      $7.96  
                 
Market price
               
2015
 
N/A
      $16.78  
2014
 
N/A
      $7.96  
                 
Risk free interest rate (1)
               
2015
 
N/A
      2.1%  
2014
 
N/A
      2.6%  
                 
Expected award life (years) (2)
 
N/A
      10  
                 
Expected volatility (3)
               
2015
 
N/A
      39.0%  
2014
 
N/A
      37.3%  
                 
Expected dividend yield (4)
               
2015
 
N/A
      1.8%  
2014
 
N/A
      3.4%  
Six months ended
                   
June 30,
 
SARS
   
Options
 
                     
Exercise price
                   
2015
    $18.66       $16.78 - $18.66  
2014
    $7.36       $7.36 - $7.96  
                     
Market price
                   
2015
    $18.66       $16.78 - $18.66  
2014
    $7.36       $7.36 - $7.96  
                     
Risk free interest rate (1)
                   
2015
    1.5%       1.5% - 2.1%  
2014
    1.5%       1.5% - 2.6%  
                     
Expected award life (years) (2)
    5       5 - 10  
                     
Expected volatility (3)
                   
2015
    34.9%       34.9% - 39.0%  
2014
    42.5%       37.3% - 42.5%  
                     
Expected dividend yield (4)
                   
2015
    1.6%       1.6% - 1.8%  
2014
    3.7%       3.4% - 3.7%