(2) Net Income Per Common Share

3 Months Ended

Mar. 29, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

(2)       Net Income Per Common Share

Basic net income per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net income divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options, when dilutive.

Following is a reconciliation of basic and diluted net income per common share:

		Three Months Ended
(in thousands, except per share data)		March 29,		March 30,
		2015		2014
Net income per common share – basic:
	Net income	$	197	$	516
	Weighted average shares outstanding		7,107		7,312
Net income per common share – basic		$	0.03	$	0.07
Net income per common share – diluted:
	Net income	$	197	$	516
	Weighted average shares outstanding		7,107		7,312
	Dilutive impact of common stock
	equivalents outstanding		24		33
	Adjusted weighted average shares outstanding		7,131		7,345
Net income per common share – diluted		$	0.03	$	0.07