Net Income (Loss) Per Common and Common Equivalent Share

3 Months Ended

Jul. 02, 2011

Notes to Financial Statements

Net Income (Loss) Per Common and Common Equivalent Share

(3) Net Income (Loss) Per Common and Common Equivalent Share
Basic net income or net loss per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the sum of the weighted average number of common shares plus additional common shares that would have been outstanding if potential dilutive common shares had been issued for granted stock option and stock purchase rights.

The following table presents the calculation of both basic and diluted EPS:

		Fiscal Quarters Ended		Six Month Periods Ended
		July 2,	June 26,	July 2,	June 26,
		2011	2010	2011	2010
		------------	------------	------------	------------
Basic EPS Computation:
Numerator:
	Net income	$        13,183	$         449,803	$        29,326	$       614,446
Denominator:
	Weighted average
	Common shares
	Outstanding	12,738,390	12,624,959	12,726,168	12,624,959
Basic EPS		$           0.00	$            0.04	$           0.00	$            0.05
Diluted EPS Computation:
Numerator:
	Net income	$      13,183	$       449,803	$      29,326	$      614,446
Denominator:
	Weighted average
	Common shares
	Outstanding	12,738,390	12,624,959	12,726,168	12,624,959
	Dilutive effect of stock options	490,722	313,128	478,448	303,075
	Total Shares	13,229,112	12,938,087	13,204,616	12,928,034
Diluted EPS		$              0.00	$                 0.03	$              0.00	$              0.05