Net Income Per Common Share and Common Equivalent Share

3 Months Ended

Mar. 30, 2013

Earnings Per Share [Abstract]

Net Income Per Common Share and Common Equivalent Share

(3) Net Income Per Common and Common Equivalent Share

Basic net income 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 options and stock purchase rights. Common stock equivalents are excluded from the diluted calculations when a net loss is incurred as they would be anti-dilutive.

The following table presents the calculation of both basic and diluted earnings per share (“EPS”):

	For period ended
	March 30,		March 31,
	2013		2012
Basic EPS Computation:
Numerator:
Net income (loss)	$	2,610	$	(534,335)
Denominator:
Weighted average
common shares
Outstanding		12,871,759		12,865,659
Basic EPS	$	0.00	$	(0.04)
Diluted EPS Computation:
Numerator:
Net income (loss)	$	2,610	$	(534,335)
Denominator:
Weighted average
common shares
Outstanding		12,871,759		12,865,659
stock options		240,867		—
Total Shares		13,112,626		12,865,659
Diluted EPS	$	0.00	$	(0.04)