Note 10 - Share Data

9 Months Ended

Oct. 01, 2011

Stockholders' Equity Note Disclosure [Text Block]

10. Share Data

Both basic and diluted earnings per share for all periods are calculated based on the reported earnings in the Company’s consolidated statements of income.

The number of common shares used to calculate basic and diluted earnings per share for the thirteen and thirty-nine week periods ended October 1, 2011 and October 2, 2010 was determined as follows:

	Thirteen Week Periods Ended				Thirty-Nine Week Periods Ended
	October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Basic weighted average shares outstanding		12,994,565		13,027,841		13,046,216		13,008,732
Dilutive effect of outstanding stock options		147,305		292,506		179,241		145,138
Dilutive shares		13,141,870		13,320,347		13,225,457		13,153,870

There were 79,984 and 808,111 options not included in the calculation of common stock equivalents because the exercise price of the options exceeded the average market price during the thirty-nine week periods ended October 1, 2011 and October 2, 2010, respectively.  There were 184,264 and 88,559 options not included in the calculation of common stock equivalents because the exercise price of the options exceeded the average market price during the thirteen week periods ended October 1, 2011 and October 2, 2010, respectively.

Unissued shares of common stock were reserved for the following purposes:

	October 1, 2011		January 1, 2011
Exercise of options outstanding		963,594		1,101,594
Future grants of options or shares		435,600		415,600
Shares reserved for employee stock purchase plan		276,957		320,364
Total		1,676,151		1,837,558