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Note 9 - Per Share Data
 9 Months Ended
Sep. 30, 2023
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 thirty-nine weeks ended September 30, 2023 and October 1, 2022 was determined as follows:

 

 

Thirteen Weeks Ended

 

Thirty-Nine Weeks Ended

 
 

September 30,

2023

 

October 1,

2022

 

September 30,

2023

 

October 1,

2022

 

Basic weighted average shares outstanding

 7,919,752  10,154,505  8,469,501  10,172,765 

Dilutive effect of outstanding restricted share awards

 276,578  367,653  261,497  394,051 

Diluted weighted average shares outstanding

 8,196,330  10,522,158  8,730,998  10,566,816 

 

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:

 

  

September 30,

2023

  

December 31,

2022

 

Time-based restricted stock awards outstanding

  383,961   274,939 

Performance-based restricted stock awards outstanding

  100,000   - 

Performance-based restricted stock awards outstanding

under plans to be approved by the shareholders

  -   225,000 

Future grants of options or shares

  608,129   890,682 

Shares reserved for employee stock purchase plan

  297,730   364,231 
         

Total

  1,389,820   1,754,852