(3) Net Income Per Common and Common Equivalent Share

9 Months Ended

Sep. 27, 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 EPS:

	Three Months Ended				Nine Months Ended
		September 27,		September 28,		September 27,		September 28,
		2014		2013		2014		2013
Basic EPS Computation:
Numerator:
Net income	$	194,065	$	451,516	$	384,267	$	690,628
Denominator:
Weighted average
Common shares
Outstanding		13,091,819		13,198,506		13,082,135		13,010,591
Basic EPS	$	0.01	$	0.03	$	0.03	$	0.05
Diluted EPS Computation:
Numerator:
Net income	$	194,065	$	451,516	$	384,267	$	690,628
Denominator:
Weighted average
Common shares
Outstanding		13,091,819		13,198,506		13,082,135		13,010,591
Dilutive effect of stock options		646,134		323,989		634,243		231,478
Total Shares		13,737,953		13,522,495		13,716,378		13,242,069
Diluted EPS	$	0.01	$	0.03	$	0.03	$	0.05