Note 9 - Per Share Data

9 Months Ended

Oct. 01, 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 and thirty-nine weeks ended October 1, 2022 and October 2, 2021 was determined as follows:

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Basic weighted average shares outstanding		10,154,505		10,974,788		10,172,765		11,218,565
Dilutive effect of outstanding restricted share units		367,653		450,826		394,051		446,539
Weighted average dilutive shares outstanding		10,522,158		11,425,614		10,566,816		11,665,104

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 1, 2022		January 1, 2022
Time-based restricted stock units outstanding		303,695		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		40,682		107,924
Shares reserved for employee stock purchase plan		364,231		448,110
Total		808,608		1,101,662