Stock Repurchase Program

6 Months Ended

Jun. 25, 2016

Equity [Abstract]

Stock Repurchase Program

NOTE 6 – STOCK REPURCHASE PROGRAM

On April 21, 2015, the Company announced that its Board of Directors authorized the repurchase of up to $2 million of the Company’s common stock from time to time through open market or privately negotiated transactions, based on prevailing market conditions. The Company is not obligated to repurchase any dollar amount or specific number of shares of common stock under the repurchase program, which may be suspended or discontinued at any time. As of June 25, 2016, the Company had purchased 499,344 shares for $533 thousand under the repurchase program of which 180,989 shares were purchased in the three months ended June 25, 2016 for $228 thousand.