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Note 10 - Per Share Data | 6 Months Ended
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Jul. 03, 2021
Notes to Financial Statements |
Earnings Per Share [Text Block] |
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 thirteen and twenty-six week periods ended July 3, 2021 and June 27, 2020 was determined as follows:
|  | Thirteen Week Periods Ended |  |  | Twenty-Six Week Periods Ended |
|  | July 3, 2021 |  |  | June 27, 2020 |  |  | July 3, 2021 |  |  | June 27, 2020 |
Basic weighted average shares outstanding |  |  | 11,141,518 |  |  |  | 12,621,593 |  |  |  | 11,340,453 |  |  |  | 12,866,571 |
Dilutive effect of outstanding restricted share units |  |  | 390,804 |  |  |  | - |  |  |  | 410,893 |  |  |  | - |
Weighted average dilutive shares outstanding |  |  | 11,532,322 |  |  |  | 12,621,593 |  |  |  | 11,751,346 |  |  |  | 12,866,571 |
RCM TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In thousands, except share and per share amounts, unless otherwise indicated)
10. | Per Share Data (Continued)
For all periods presented, there were no anti-dilutive shares included in the calculation of common stock equivalents as there were no stock options outstanding. Unissued shares of common stock were reserved for the following purposes:
|  | July 3, 2021 |  |  | January 2, 2021 |
Time-based restricted stock units outstanding |  |  | 499,054 |  |  |  | 459,805 |
Unvested subscription restricted share awards |  |  | 124,992 |  |  |  | 250,000 |
Performance-based restricted stock units outstanding |  |  | 90,000 |  |  |  | - |
Future grants of options or shares |  |  | 209,180 |  |  |  | 520,929 |
Shares reserved for employee stock purchase plan |  |  | 95,988 |  |  |  | 149,894 |
Total |  |  | 1,019,214 |  |  |  | 1,380,628 |

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