Note 10 - Per Share Data

9 Months Ended

Oct. 02, 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 outstanding used for diluted earnings per share. The number of weighted-average shares used to calculate basic and diluted earnings per share for the thirteen and thirty-nine week periods ended October 2, 2021 and September 26, 2020 was determined as follows:

	Thirteen Week Periods Ended				Thirty-Nine Week Periods Ended
	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Basic weighted average shares outstanding		10,974,788		11,444,697		11,218,565		12,393,058
Dilutive effect of outstanding restricted share units		450,826		-		446,539		-
Weighted average dilutive shares outstanding		11,425,614		11,444,697		11,665,104		12,393,058

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:

	October 2, 2021		January 2, 2021
Time-based restricted stock units outstanding		599,549		459,805
Unvested subscription restricted share awards		67,296		250,000
Performance-based restricted stock units outstanding		90,000		-
Future grants of options or shares		171,680		520,929
Shares reserved for employee stock purchase plan		48,110		149,894
Total		976,635		1,380,628