SMTC Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 9 - Earnings (Loss) Per Share

Note 9 - Earnings (Loss) Per Share

12 Months Ended

Jan. 01, 2017

9.	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 January 1 , 201 7		Year ended January 3, 2016		Year ended December 28, 2014
Basic weighted average shares outstanding		16,504,106		16,421,478		16,417,275
Dilutive stock awards (a) (b)		—		—		—

Diluted weighted average shares outstanding		16,504,106		16,421,478		16,417,275

(a)	Dilutive stock awards include outstanding RSUs and in-the money stock options determined using the treasury stock method.

(b)

For the periods ended

January

2017,

January

2016

and

December

28,

2014,

as a result of a net loss for the period, 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

1,060,049

for the period ended

January

2017.