Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Common Shares Outstanding for Basic and Diluted Earnings Per Share (Details)

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Note 7 - Common Shares Outstanding for Basic and Diluted Earnings Per Share (Details) - shares
 3 Months Ended
Apr. 03, 2016
Mar. 29, 2015
Basic weighted average shares outstanding (in shares) 16,485,883 16,417,276
Weighted Average Number Diluted Shares Outstanding Adjustment [1],[2] 1,038,669
Diluted weighted average shares outstanding (in shares) 17,524,552 16,417,276
[1] For the three months ended April 3, 2016, as a result of net income from operations, dilutive options 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.
[2] For the three months ended March 29, 2015, 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 income for the period, dilutive stock awards would have been calculated as 470,803 related to outstanding unvested restricted stock units.