Earnings Per Share

12 Months Ended

Jan. 01, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note B - Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

				Years Ended
		January 1		January 2		January 3
		2012		2011		2010
Numerator:
Net income (loss) (numerator for basic and
diluted earnings per share)	$	857,000	$	2,796,000	$	(15,338,000	)
Denominator:
Weighted average shares (denominator for basic
earnings (loss) per share)		5,987,000		5,955,000		6,260,000
Effect of dilutive securities		110,000		43,000		0
Adjusted weighted average shares and assumed
conversions (denominator for diluted earnings
(loss) per share)		6,097,000		5,998,000		6,260,000
Basic earnings (loss) per share	$	.14	$	.47	$	(2.45	)
Diluted earnings (loss) per share	$	.14	$	.47	$	(2.45	)

     In situations where the exercise price of outstanding options is greater than the average market price of common shares, such options are excluded from the computation of diluted earnings per share because of their antidilutive impact. A total of 383,000, 491,000, and 1,061,250 options were excluded from the computation of diluted earnings per share in 2011, 2010, and 2009, respectively.