Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earning (Loss) Per Common Share

v3.10.0.1
Note 8 - Earning (Loss) Per Common Share
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
8.
Earnings (l
oss
)
per common share
 
The following table details the weighted average number of common shares outstanding for the purposes of computing basic and diluted earnings per common share for the following periods:
 
   
Three months ended
   
Nine
months ended
 
   
September 30
,
201
8
   
October 1
,
201
7
   
September 30
,
201
8
   
October 1
,
201
7
 
Basic weighted average shares outstanding
   
19,335,253
     
16,824,538
     
17,866,399
     
16,764,257
 
Dilutive stock awards
(1) (a)
   
651,503
     
     
651,503
     
 
Diluted weighted average shares outstanding
   
19,986,756
     
16,824,538
     
18,517,902
     
16,764,257
 
  
 
(
1
)
Dilutive stock awards include outstanding restricted stock units and in the money stock options determined using the treasury stock method
 
(a)
Dilutive options were determined using the treasury stock method, using an average price of
$1.27
per share for
three
months ended
October 1, 2017.
As a result of the net loss for the
three
months ended
October 1, 2017,
diluted 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 income for the
three
months ended
October 1, 2017,
dilutive stock awards would have been calculated as
663,400
shares. For the
nine
months ended
October 1, 2017,
dilutive options were determined using the treasury stock method, using an average price of
$1.31
per share. Total dilutive stock awards were calculated as
696,177
shares.