Net Income Per Share

3 Months Ended

Mar. 30, 2013

Net Income Per Share

Net Income Per Share

6.   Net Income Per Share

Basic and diluted income per share is presented in accordance with ASC Topic 260, Earnings Per Share. Basic income per share excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted income per share includes dilutive potential common shares outstanding and is computed by dividing income available to common stockholders by the weighted-average number of common and common equivalent shares outstanding for the period.

For the three-month period ended March 30, 2013, anti-dilutive weighted average shares of 372,000 were excluded from the calculation of weighted average number of common equivalent shares outstanding. For the three-month period ended March 31, 2012, anti-dilutive weighted average shares of 124,000 were excluded from the calculation of weighted average number of common equivalent shares outstanding. The computation of basic and diluted income per share for the three months ended March 30, 2013 and March 31, 2012 is as follows:

	Three Months Ended
	March 30,		March 31,
(In thousands except per share amounts)	2013		2012
Net income	$	229	$	198
Weighted-average number of common shares outstanding	5,092		5,044
Dilutive effect of potential common shares outstanding	17		70
Weighted-average number of common and common equivalent shares outstanding	5,109		5,114
Net income per share:
Basic	$	0.04	$	0.04
Diluted	$	0.04	$	0.04