Note 10 - Per Share Data

9 Months Ended

Sep. 29, 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

and

thirty-nine

week periods ended

September 29, 2018

and

September 30, 2017

was determined as follows:

	Thirteen Week Periods Ended				Thirty-Nine Week Periods Ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Basic weighted average shares outstanding		12,284,727		12,009,181		12,254,415		11,972,600
Dilutive effect of outstanding restricted stock awards		32,723		141,914		24,165		116,610
Weighted average dilutive shares outstanding		12,317,450		12,151,095		12,278,580		12,089,210

For both the

thirteen

and

thirty-nine

week periods ended

September 29, 2018,

there were

no

anti-dilutive shares

not

included in the calculation of common stock equivalents as there were

no

stock options outstanding.  For both the

thirteen

and the

thirty-nine

week periods ended

September 30, 2017

there were

15,000

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 the associated stock options 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:

	September 29, 2018		December 30, 2017
Time-based restricted stock units outstanding		96,195		87,034
Performance-based restricted stock units outstanding		240,000		400,000
Future grants of options or shares		483,071		332,232
Shares reserved for employee stock purchase plan		86,403		177,280
Total		905,669		996,546