Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings Per Common Share

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Note 9 - Earnings Per Common Share
9 Months Ended
Sep. 29, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
9
.
Earnings per share
 
The following table details the weighted average number of shares of common stock outstanding for the purposes of computing basic and diluted earnings per share for the following periods:
 
   
Three months ended
   
Nine
months ended
 
   
September 29
,
201
9
   
September 30
,
201
8
   
September 29
,
201
9
   
September 30
,
201
8
 
Basic weighted average shares outstanding
   
28,057,763
     
19,335,253
     
24,954,875
     
17,866,399
 
Dilutive stock awards
(1) (a)
   
     
651,503
     
     
651,503
 
Diluted weighted average shares outstanding
   
28,057,763
     
19,986,756
     
24,954,875
     
18,517,902
 
 
(
1
)
Dilutive stock awards include outstanding restricted stock units, warrants and in the money stock options determined using the treasury stock method
 
(a)
For the
three
and
nine
months ended
September 29, 2019,
as a result of net loss for the period, dilutive stock awards are
not
presented as this would be antidilutive. Had there been net income for the periods, the dilutive stock awards would have been calculated as
754,820
for the
three
and
nine
months ended
September 29, 2019
related to outstanding unvested restricted stock units incremental in-the-money stock options and outstanding warrants.