Note 12 - Treasury Stock Transactions

6 Months Ended

Jul. 02, 2011

Treasury Stock [Text Block]

12. Treasury Stock Transactions

Our Board of Directors instituted a share repurchase program in February 2010, which authorized the repurchase of up to $7.5 million of the Company’s outstanding shares of our common stock at prevailing market prices, from time to time over the subsequent 12 months.  In February 2011, the share repurchase program was extended through February 2013.  During the twenty-six week period ended July 2, 2011, the Company repurchased 194,541 shares at a total cost of approximately $909, or an average price of $4.68 per share.  Since the inception of its share repurchase program and through July 2, 2011, the Company has purchased 243,938 shares at a total cost of approximately $1,115, or an average price of $4.57.