Note 10 - Per Share Data

6 Months Ended

Jun. 30, 2012

Stockholders' Equity Note Disclosure [Text Block]

10.  Per 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 shares of common stock used to calculate basic and diluted earnings per share for the twenty-six week periods ended June 30, 2012 and July 2, 2011 was determined as follows:

	Thirteen Week Periods Ended				Twenty-Six Week Periods Ended
	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Basic weighted average shares outstanding		12,457,871		13,059,595		12,605,098		13,072,042
Dilutive effect of outstanding stock options		211,797		240,513		211,788		195,940
Weighted average dilutive shares outstanding		12,669,668		13,300,108		12,816,886		13,267,982

There were 42,500 and 78,900 options not included in the calculation of common stock equivalents because the exercise price of the options exceeded the average market price during the twenty-six weeks ended June 30, 2012 and July 2, 2011, respectively.

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

	June 30, 2012		December 31, 2011
Exercise of options outstanding		848,844		916,594
Future grants of options or shares		417,600		437,600
Shares reserved for employee stock purchase plan		263,056		276,957
Total		1,529,500		1,631,151