| Earnings Per Share [Text Block] |
| 8.
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Earnings (loss) per common share
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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:
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Three months ended
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Six months ended
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June 28, 2015
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June 29, 2014
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June 28, 2015
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June 29, 2014
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| Basic weighted average shares outstanding
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16,417,276 |
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16,417,276 |
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16,417,276 |
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16,417,273 |
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| Dilutive stock options (a) (b)
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— |
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— |
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— |
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— |
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| Diluted weighted average shares outstanding
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16,417,276 |
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16,417,276 |
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16,417,276 |
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16,417,273 |
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| (a)
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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 per share. No diluted stock options were calculated as there were no outstanding vested options that were considered in-the-money.
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| (b)
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As a result of the net earnings for the three months ended June 29, 2014, dilutive options were determined using the treasury stock method, using an average price of $1.76 per share. No diluted stock options were calculated as there were no outstanding vested options that were considered in-the-money. As a result of the net loss for the six months ended June 29, 2014, 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.
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