Note 10 - Per Share Data

6 Months Ended

Jun. 27, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

10. 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

twenty-six

week periods ended

June 27, 2020

and

June 29, 2019

was determined as follows:

	Thirteen Week Periods Ended				Twenty-Six Week Periods Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Basic weighted average shares outstanding		12,621,593		12,880,179		12,866,571		12,868,356
Dilutive effect of outstanding restricted share units		21,466		57,932		27,009		50,727
Weighted average dilutive shares outstanding		12,643,059		12,938,111		12,893,580		12,919,083

For all periods presented, there were

no

anti-dilutive shares

not

included in the calculation of common stock equivalents as there were

no

stock options outstanding.

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

	June 27, 2020		December 28, 2019
Time-based restricted stock units outstanding		281,725		151,725
Performance-based restricted stock units outstanding		160,000		240,000
Future grants of options or shares		91,744		268,326
Shares reserved for employee stock purchase plan		210,626		267,877
Total		744,095		927,928