Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings (Loss) Per Common Share

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Note 8 - Earnings (Loss) Per Common Share
9 Months Ended
Sep. 27, 2015
Notes to Financial Statements  
Earnings Per Share [Text Block]
8.     
Earnings
(loss)
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
 
 
Nine months ended
 
(Number of common shares)
 
September
27,
2015
 
 
September
28,
2014
 
 
September
27,
2015
 
 
September
28,
2014
 
Basic weighted average shares outstanding
    16,417,276       16,417,276       16,417,276       16,417,274  
Dilutive stock options
(a)
                       
Diluted weighted average shares outstanding
    16,417,276       16,417,276       16,417,276       16,417,274  
 
 
 
(a)
For the three months and nine months ended September 27, 2015 and September 28, 2014, as a result of the net loss, 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.