Note 10 - Per Share Data

12 Months Ended

Dec. 30, 2023

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 fiscal years ended December 30, 2023, December 31, 2022 and January 1, 2022 was determined as follows:

	Fiscal Years Ended
	December 30, 2023		December 31, 2022		January 1, 2022
Basic weighted average shares outstanding		8,308,867		10,051,688		11,035,361
Dilutive effect of outstanding restricted share awards		283,705		390,488		589,740
Diluted weighted average shares outstanding		8,592,572		10,442,176		11,625,101

For the fiscal years ended December 30, 2023, December 31, 2022 and January 1, 2022, 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:

	December 30, 2023		December 31, 2022		January 1, 2022
Time-based restricted stock awards outstanding		376,618		274,939		420,628
Performance-based restricted stock awards outstanding		100,000		225,000		125,000
Future grants of options or shares		603,044		890,682		107,924
Shares reserved for employee stock purchase plan		297,730		364,231		448,110
Total		1,377,392		1,754,852		1,101,662