Annual report pursuant to Section 13 and 15(d)

Note 10 - Earnings (Loss) Per Share

v3.8.0.1
Note 10 - Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
10
.
Earnings (loss) per share
 
The following table details the weighted average number of shares outstanding for the purposes of computing basic and diluted loss per share for:
 
Number of common shares
 
Year ended
December
3
1,
2017
   
Year ended
January
1
,
2017
   
Year ended
January 3
,
2016
 
Basic weighted average shares outstanding
   
16,788,231
     
16,504,106
     
16,421,478
 
Dilutive stock awards (a) (b)
   
—
     
—
     
—
 
                         
Diluted weighted average shares outstanding
   
16,788,231
     
16,504,106
     
16,421,478
 
 

(a)
Dilutive stock awards include outstanding RSUs and in-the money stock options determined using the treasury stock method.
 
(b)
For the periods ended
December 31, 2017,
January 1,
2017and
January 3, 2016,
as a result of a net loss for the periods, dilutive earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive. Had there been net earnings, dilutive stock awards would have been calculated as
608,102
for the period ended
December 31, 2017 (
1,060,049
for the period ended
January 1, 2017
and
479,564
for the period ended
January 3, 2016).