Annual report pursuant to Section 13 and 15(d)

Note 10 - Earnings (Loss) Per Share

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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).