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)

v3.7.0.1
Note 8 - Earnings Per Common Share - Common Shares Outstanding for Basic and Diluted Earnings Per Share (Details) - shares
 3 Months Ended 6 Months Ended
Jul. 02, 2017
Jul. 03, 2016
Jul. 02, 2017
Jul. 03, 2016
Basic weighted average shares outstanding (in shares) 16,807,333 16,510,180 16,734,117 16,498,032
Dilutive stock awards (1) (a) (b) (in shares) [1],[2],[3] 1,048,746
Diluted weighted average shares outstanding (in shares) 16,807,333 16,510,180 16,734,117 17,546,778
[1] Dilutive options were determined using the treasury stock method, using an average price of $1.26 per share for three months ended July 2, 2017. As a result of the net loss for the three months ended July 2, 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 July 2, 2017, dilutive stock awards would have been calculated as 668,701. For the six months ended July 2, 2017, dilutive options were determined using the treasury stock method, using an average price of $1.32 per share. Total dilutive stock awards were calculated as 731,961.
[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