XML 26 R16.htm IDEA: XBRL DOCUMENT v3.22.2
Note 9 - Per Share Data
 6 Months Ended
Jul. 02, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

9.     Per Share Data

 

The Company uses the treasury stock method to calculate the weighted-average shares outstanding used for diluted earnings per share.  The number of weighted-average shares used to calculate basic and diluted earnings per share for the thirteen and twenty-six weeks ended July 2, 2022 and July 3, 2021 was determined as follows:

 

  

Thirteen Weeks Ended

  

Twenty-Six Weeks Ended

  

July 2,

2022

  

July 3,

2021

  

July 2,

2022

  

July 3,

2021

Basic weighted average shares outstanding

  10,133,279   11,141,518   10,181,895   11,340,453

Dilutive effect of outstanding restricted share units

  417,617   390,804   401,624   410,893

Weighted average dilutive shares outstanding

  10,550,896   11,532,322   10,583,519   11,751,346

 

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 2,

2022

  

January 1,

2022

Time-based restricted stock units outstanding

  319,195   420,628

Performance-based restricted stock units outstanding

  75,000   125,000

Performance-based restricted stock units outstanding

under plans to be approved by the shareholders

  25,000   -

Future grants of options or shares

  46,182   107,924

Shares reserved for employee stock purchase plan

  410,977   448,110
        

Total

  876,354   1,101,662