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

thirteen

and

twenty-six

week periods ended

July 1, 2017

and

July 2, 2016

was determined as follows:

	Thirteen Week Periods Ended				Twenty-Six Week Periods Ended
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016

Basic weighted average shares outstanding		11,961,967		12,363,811		11,954,310		12,423,179
Dilutive effect of outstanding stock options and restricted stock awards		107,321		101,924		104,052		84,963
Weighted average dilutive shares outstanding		12,069,288		12,465,735		12,058,362		12,508,142

There were

40,000

and

42,500

absolute anti-dilutive shares

not

included in the calculation of common stock equivalents for the

twenty-six

week periods ended

July 1, 2017

and

July 2, 2016,

respectively. These were determined to be anti-dilutive because the exercise prices of these shares for the periods were higher than the average market price of the Company’s common stock for the same periods.

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

	July 1, 2017		December 31, 2016

Exercise of options outstanding		42,000		42,000
Time-based restricted stock units outstanding		187,734		197,734
Performance-based restricted stock units outstanding		400,000		200,000
Future grants of options or shares		404,266		619,266
Shares reserved for employee stock purchase plan		224,463		268,211

Total		1,258,463		1,327,211