Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings (Loss) Per Common Share - Common Shares Outstanding for Basic and Diluted Earnings Per Share (Details)

v3.8.0.1
Note 8 - Earnings (Loss) Per Common Share - Common Shares Outstanding for Basic and Diluted Earnings Per Share (Details) - shares
 3 Months Ended 9 Months Ended
Oct. 01, 2017
Oct. 02, 2016
Oct. 01, 2017
Oct. 02, 2016
Basic weighted average shares outstanding (in shares) 16,824,538 16,510,180 16,764,257 16,502,081
Dilutive stock awards (1) (a) (b) (in shares) [1],[2],[3] 1,048,074
Diluted weighted average shares outstanding (in shares) 16,824,538 16,510,180 16,764,257 17,550,155
[1] 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.
[2] Dilutive options were determined using the treasury stock method, using an average price of $1.52 per share for three months ended October 2, 2016. As a result of the net loss for the three months ended October 2, 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 October 2, 2016, dilutive stock awards would have been calculated as 1,046,730 shares. For the nine months ended October 2, 2016, dilutive options were determined using the treasury stock method, using an average price of $1.47 per share. Total dilutive stock awards were calculated as 1,048,074 shares.
[3] Dilutive stock awards include outstanding RSU’s and in-the money stock options determined using the treasury stock method