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Note 10 - Per Share Data
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
1
0
.
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
June 30, 2018
and
July 1, 2017
was determined as follows:
 
   
Thirteen Week Periods Ended
   
Twenty-Six Week Periods Ended
 
   
June 30,
2018
   
July1,
2017
   
June 30,
2018
   
July1,
2017
 
                                 
Basic weighted average shares outstanding
   
12,239,758
     
11,961,967
     
12,239,259
     
11,954,310
 
Dilutive effect of outstanding restricted stock awards
   
21,895
     
107,321
     
20,200
     
104,052
 
Weighted average dilutive shares outstanding
   
12,261,653
     
12,069,288
     
12,259,459
     
12,058,362
 
 
For both the
thirteen
and the
twenty-six
week periods ended
June 30, 2018,
there were
no
anti-dilutive shares
not
included in the calculation of common stock equivalents as there were
no
stock options outstanding.  For both the
thirteen
and the
twenty-six
week periods ended
July 1, 2017
there were
40,000
absolute anti-dilutive shares
not
included in the calculation of common stock equivalents.  These were determined to be anti-dilutive because the exercise prices of the associated stock options 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:
 
   
June 30,
2018
   
December 30,
2017
 
                 
Time-based restricted stock units outstanding
   
96,195
     
87,034
 
Performance-based restricted stock units outstanding
   
240,000
     
400,000
 
Future grants of options or shares
   
483,071
     
332,232
 
Shares reserved for employee stock purchase plan
   
131,872
     
177,280
 
                 
Total
   
951,138
     
996,546