(3) Net Income Per Common and Common Equivalent Share

6 Months Ended

Jun. 28, 2014

Earnings Per Share [Abstract]

(3) 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”):

	Three Months Ended				Six Months Ended
		June 28,		June 29,		June 28,		June 29,
		2014		2013		2014		2013
Basic EPS Computation:
Numerator:
Net income (loss)	$	(57,417)	$	236,502	$	190,202	$	239,112
Denominator:
Weighted average
Common shares
Outstanding		13,087,905		12,961,506		13,078,741		12,916,633
Basic EPS	$	0.00	$	0.02	$	0.01	$	0.02
Diluted EPS Computation:
Numerator:
Net income (loss)	$	(57,417)	$	236,502	$	190,202	$	239,112
Denominator:
Weighted average
Common shares
Outstanding		13,084,968		12,961,506		13,077,273		12,916,633
Dilutive effect of stock options		—		129,578		628,297		185,222
Total Shares		13,084,968		13,091,084		13,705,570		13,101,855
Diluted EPS	$	0.00	$	0.02	$	0.01	$	0.02