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Note 11 - Income (Loss) Per Share
 12 Months Ended
Jan. 01, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
NOTE
11
–
INCOME (LOSS) PER SHARE
 
The Company computes basic earnings (loss) per share (“EPS”) by dividing net income (loss), by the weighted average common shares outstanding, including participating securities outstanding, during the period as depicted below. Diluted EPS reflects the potential dilution beyond shares for basic EPS that could occur if securities or other contracts to issue common stock were exercised, converted into common stock or resulted in the issuance of common stock that would have shared in the Company’s earnings. Income attributable to non-controlling interest is included in the computation of basic and diluted earnings per share, where applicable.
 
The Company includes all unvested stock awards which contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of common shares outstanding in our basic and diluted EPS calculations when the inclusion of these shares would be dilutive. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock. As a result, the Company includes all outstanding restricted stock awards in the calculation of basic and diluted EPS. Distributed earnings include common stock dividends and dividends earned on unvested share-based payment awards. Undistributed earnings represent earnings that were available for distribution but were not distributed. The following tables show distributed and undistributed earnings:
 
   
Fiscal Year
  
   
2016
    
2015
    
2014
  
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
                       
Distributed earnings
   $
0.22
     $
0.18
     $
0.14
  
Undistributed earnings
    
0.61
      
0.92
      
0.23
  
    $
0.83
     $
1.10
     $
0.37
  
                         
Diluted earnings per share
                        
Distributed earnings
   $
0.22
     $
0.18
     $
0.14
  
Undistributed earnings
    
0.61
      
0.92
      
0.23
  
    $
0.83
     $
1.10
     $
0.37
  
 
 
The following table presents net income that was attributable to participating securities:
 
 
  
Fiscal Year
  
                         
 
  
201
6
    
2015
    
2014
  
 
  
(in millions)
  
Net income
  $
0.4
     $
1.6
     $
0.5
  
 
The weighted average shares for basic and diluted EPS were as follows:
 
 
  
Fiscal Year
  
                         
 
  
2016
    
2015
    
2014
  
 
  
(in thousands)
  
Weighted Average Shares Outstanding
   
64,593
      
64,557
      
64,998
  
Participating Securities
   
505
      
1,470
      
1,391
  
Shares for Basic Earnings Per Share
    
65,098
      
66,027
      
66,389
  
Dilutive Effect of Stock Options
    
38
      
48
      
59
  
Shares for Diluted Earnings Per Share
    
65,136
      
66,075
      
66,448
  
 
For all periods presented, there were
no
stock options excluded from the determination of diluted EPS.