Note 10 - Per Share Data

6 Months Ended

Jul. 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 per share for the thirteen and twenty-six week periods ended July 3, 2021 and June 27, 2020 was determined as follows:

	Thirteen Week Periods Ended				Twenty-Six Week Periods Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Basic weighted average shares outstanding		11,141,518		12,621,593		11,340,453		12,866,571
Dilutive effect of outstanding restricted share units		390,804		-		410,893		-
Weighted average dilutive shares outstanding		11,532,322		12,621,593		11,751,346		12,866,571

RCM TECHNOLOGIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(In thousands, except share and per share amounts, unless otherwise indicated)

10. Per Share Data (Continued)

For all periods presented, there were no anti-dilutive shares 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:

	July 3, 2021		January 2, 2021
Time-based restricted stock units outstanding		499,054		459,805
Unvested subscription restricted share awards		124,992		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		1,019,214		1,380,628