Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings Per Common Share - Common Shares Outstanding for Basic and Diluted Earnings Per Share (Details)

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Note 8 - Earnings Per Common Share - Common Shares Outstanding for Basic and Diluted Earnings Per Share (Details) - shares
 3 Months Ended
Apr. 02, 2017
Apr. 03, 2016
Basic weighted average shares outstanding (in shares) 16,660,900 16,485,883
Dilutive stock awards (a) (b) (in shares) [1],[2] 1,038,669
Diluted weighted average shares outstanding (in shares) 16,660,900 17,524,552
[1] For the three months ended April 2, 2017, as a result of net loss for the period, dilutive earnings per share were calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive. Had there been net income for the period, dilutive stock awards would have been calculated as 887,138 related to outstanding unvested restricted stock units and incremental in-the-money stock options.
[2] For the three months ended April 3, 2016, as a result of net income for the period, dilutive stock awards were determined using the treasury stock method with an average stock price of $1.34. No dilutive stock options were calculated as no outstanding options were considered in-the-money. Dilutive stock awards were calculated as 1,038,669 related to outstanding unvested restricted stock units.