Note 10 - Per Share Data

3 Months Ended

Mar. 30, 2013

Earnings Per Share [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 thirteen week periods ended March 30, 2013 and March 31, 2012 was determined as follows:

	Thirteen Week Periods Ended
	March 30, 2013		March 31, 2012
Basic weighted average shares outstanding		12,311,066		12,752,326
Dilutive effect of outstanding share-based awards		71,711		210,802
Weighted average dilutive shares outstanding		12,382,777		12,963,128

There were 97,500 and 62,500 absolute anti-dilutive shares not included in the calculation of common stock equivalents for the thirteen week periods ended March 30, 2013 and March 31, 2012, respectively.

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

	March 30, 2013		December 29, 2012
Exercise of options outstanding		297,400		307,400
Restricted stock awards outstanding		350,000		350,000
Future grants of options or shares		34,100		34,100
Shares reserved for employee stock purchase plan		221,271		247,752
Total		902,771		939,252