Note 10 - Per Share Data

3 Months Ended

Apr. 03, 2021

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 (loss) per share for the

thirteen

week periods ended

April 3, 2021

and

March 28, 2020

was determined as follows:

	Thirteen Week Periods Ended
	April 3, 2021		March 28, 2020
Basic weighted average shares outstanding		11,539,389		13,111,550
Dilutive effect of outstanding restricted share awards		389,857		-
Weighted average dilutive shares outstanding		11,929,246		13,111,550

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:

	April 3, 2021		January 2, 2021
Time-based restricted stock units outstanding		506,554		459,805
Unvested subscription restricted share awards		192,304		250,000
Performance-based restricted stock units outstanding		90,000		-
Future grants of options or shares		209,180		520,929
Shares reserved for employee stock purchase plan		95,988		149,894
Total		1,094,026		1,380,628