Net Income (Loss) Per Common and Common Equivalent Share

3 Months Ended

Sep. 29, 2012

Earnings Per Share [Abstract]

Net Income (Loss) Per Common and Common Equivalent Share

(3) Net Income (Loss) Per Common and Common Equivalent Share

Basic net income or loss per common share is calculated by dividing net income or loss 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. Common stock equivalents are excluded from the diluted calculations when a net loss is incurred as they would be antidilutive.

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

	Fiscal Quarters Ended					Nine-Month Periods Ended
	September 29,			October 1,		September 29,			October 1,
	2012			2011		2012			2011
Basic EPS Computation:
Numerator:
Net income (loss)	$	(530,945	)	$	27,589	$	(1,438,004	)	$	56,915
Denominator:
Weighted average
Common shares
Outstanding		12,871,659			12,748,149		12,868,934			12,733,312
Basic EPS	$	(0.04	)	$	0.00	$	(0.11	)	$	0.00
Diluted EPS Computation:
Numerator:
Net income (loss)	$	(530,945	)	$	27,589	$	(1,438,004	)	$	56,915
Denominator:
Weighted average
Common shares
Outstanding		12,871,659			12,748,149		12,868,934			12,733,312
Dilutive effect of stock options		—			442,168		—			466,354
Total Shares		12,871,659			13,190,317		12,868,934			13,199,666
Diluted EPS	$	(0.04	)	$	0.00	$	(0.11	)	$	0.00