Net Income Per Common and Common Equivalent Share

3 Months Ended

Mar. 29, 2014

Earnings Per Share [Abstract]

Net Income Per Common 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 periods ended
		March 29,		March 30,
		2014		2013
Basic EPS Computation:
Numerator:
Net income	$	247,619	$	2,610
Denominator:
Weighted average
common shares
Outstanding		13,069,577		12,871,759
Basic EPS	$	0.02	$	0.00
Diluted EPS Computation:
Numerator:
Net income	$	247,619	$	2,610
Denominator:
Weighted average
common shares
Outstanding		13,069,577		12,871,759
stock options		627,006		240,867
Total Shares		13,696,583		13,112,626
Diluted EPS	$	0.02	$	0.00