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Note 9 - Per Share Data
 3 Months Ended
Mar. 30, 2024
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 weeks ended March 30, 2024 and April 1, 2023 was determined as follows:

 

  

Thirteen Weeks Ended

 
  

March 30,

2024

  

April 1,

2023

 

Basic weighted average shares outstanding

  7,927,031   9,172,511 

Dilutive effect of outstanding restricted share awards

  243,808   229,356 
         

Diluted weighted average shares outstanding

  8,170,839   9,401,867 

 

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:

 

  

March 30,

2024

  

December 30,

2023

 

Time-based restricted stock awards outstanding

  328,918   376,618 

Performance-based restricted stock awards outstanding

  300,000   100,000 

Future grants of options or shares

  296,040   603,044 

Shares reserved for employee stock purchase plan

  274,941   297,730 
         

Total

  1,199,899   1,377,392