Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings Per Common Share

v3.19.1
Note 9 - Earnings Per Common Share
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
9
.
Earnings per common share
 
The following table details the weighted average number of common shares outstanding for the purposes of computing basic and diluted earnings per common share for the following periods:
 
   
Three months ended
 
(Number of common shares)
 
March 31
, 201
9
   
April
1
, 201
8
 
Basic weighted average shares outstanding
   
23,248,918
     
17,041,504
 
Dilutive stock awards
(a) (b)
   
1,216,517
     
482,386
 
Diluted weighted average shares outstanding
   
24,465,435
     
17,523,890
 
 
(a)
For the
three
months ended
March 31, 2019,
as a result of net income for the period, dilutive earnings per share were calculated using the treasury stock method. The dilutive stock awards have been calculated as
1,216,517
 for the
three
months ended
March 31, 2019 
related to outstanding unvested restricted stock units and incremental in-the-money stock options.
 
(b)
For the
three
months ended
April 1, 2018,
as a result of net income for the period, dilutive earnings per share were calculated using the treasury stock method. The dilutive stock awards have been calculated as
482,386
for the
three
months ended
April 1, 2018
related to outstanding unvested restricted stock units and incremental in-the-money stock options.