Note 10 - Per Share Data

12 Months Ended

Jan. 02, 2016

10.	PER SHARE DATA

The Company uses the treasury stock method to calculate the weighted-average shares used for diluted earnings per share. The number of common shares used to calculate basic and diluted earnings per share for the fiscal years ended

January 2, 2016 and January 3, 2015 was determined as follows:

	Fiscal Years Ended
	January 2, 2016		January 3, 2015
Basic weighted average shares outstanding		12,658,466		12,516,457
Dilutive effect of outstanding restricted stock units and stock options		242,484		214,108

Weighted average dilutive shares outstanding		12,900,950		12,730,565

There were 42,500 and 40,000

absolute anti-dilutive shares not included in the calculation of common stock equivalents for the fiscal years ended January 2, 2016 and January 3, 2015, respectively.

These were determined to be anti-dilutive because the exercise prices of these shares for the period were higher than the average price of all shares for the same period.

Unissued shares of common stock were reserved for the following purposes:

	January 2, 2016		January 3, 2015

Exercise of options outstanding		44,500		53,000
Restricted stock units outstanding		208,834		500,000
Future grants of options or shares		382,000		425,000
Shares reserved for employee stock purchase plan		349,436		122,484

Total		984,770		1,100,484