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 6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jul. 03, 2016
Jun. 28, 2015
Basic weighted average shares outstanding (in shares) 16,510,180 16,417,276 16,498,032 16,417,276
Weighted Average Number Diluted Shares Outstanding Adjustment [1],[2],[3] 1,048,746
Diluted weighted average shares outstanding (in shares) 16,510,180 16,417,276 17,546,778 16,417,276
[1] As a result of the net earnings for the three and six months ended June 28, 2015, dilutive options were determined using the treasury stock method, using an average price of $1.62 and 1.61, respectively per share. No diluted stock awards were calculated as there were no outstanding options that were considered in-the-money.
[2] Dilutive options were determined using the treasury stock method, using an average price of $1.54 per share for three months ended July 3, 2016. As a result of the net loss for the three months ended July 3, 2016, 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 July 3, 2016, dilutive stock awards would have been calculated as 1,058,824. For the six months ended July 3, 2016, dilutive options were determined using the treasury stock method, using an average price of $1.44 per share. Total dilutive stock awards were calculated as 1,048,746.
[3] Dilutive stock awards include outstanding restricted stock units and in-the money stock options determined using the treasury stock method