Note 9 - Per Share Data

3 Months Ended

Apr. 02, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

9.     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 week periods ended April 2, 2022 and April 3, 2021 was determined as follows:

	Thirteen Week Periods Ended
	April 2, 2022		April 3, 2021
Basic weighted average shares outstanding		10,230,510		11,539,389
Dilutive effect of outstanding restricted share units		333,485		389,857
Weighted average dilutive shares outstanding		10,563,995		11,929,246

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:

	April 2, 2022		January 1, 2022
Time-based restricted stock units outstanding		369,953		420,628
Performance-based restricted stock units outstanding		75,000		125,000
Performance-based restricted stock units outstanding under plans to be approved by the shareholders		25,000		-
Future grants of options or shares		2,924		107,924
Shares reserved for employee stock purchase plan		410,977		448,110
Total		883,854		1,101,662