Note 10 - Per Share Data

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

1 0 . Per Share Data

The Company uses the treasury stock method to calculate the weighted-average shares used for diluted earnings per share. The number of common shares used to calculate basic and diluted earnings per share for the

thirteen

week periods ended

March 31, 2018

and

April 1, 2017

was determined as follows:

	Thirteen Week Periods Ended
	March 31, 2018		April 1, 2017
Basic weighted average shares outstanding		12,238,760		11,946,653
Dilutive effect of outstanding restricted stock awards		18,747		101,114
Weighted average dilutive shares outstanding		12,257,507		12,047,767

For the

thirteen

week period ended

March 31, 2018,

there were

no

anti-dilutive shares

not

included in the calculation of common stock equivalents.  For the

thirteen

week period ended

April 1, 2017

there were

40,000

absolute anti-dilutive shares

not

included in the calculation of common stock equivalents.  These were determined to be anti-dilutive because the exercise prices of these shares for the periods were higher than the average market price of the Company’s common stock for the same periods.

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

	March 31, 2018		December 30, 2017
Time-based restricted stock units outstanding		87,034		87,034
Performance-based restricted stock units outstanding		400,000		400,000
Future grants of options or shares		332,232		332,232
Shares reserved for employee stock purchase plan		131,872		177,280
Total		951,138		996,546