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Note 9 - Per Share Data
 9 Months Ended
Sep. 28, 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 and thirty-nine weeks ended September 28, 2024 and September 30, 2023 was determined as follows:

 

  

Thirteen Weeks Ended

  

Thirty-Nine Weeks Ended

 
  

September 28,

2024

  

September 30,

2023

  

September 28,

2024

  

September 30,

2023

 

Basic weighted average shares outstanding

  7,634,113   7,919,752   7,783,481   8,469,501 

Dilutive effect of outstanding restricted share awards

  155,333   276,578   206,757   261,497 

Diluted weighted average shares outstanding

  7,789,446   8,196,330   7,990,238   8,730,998 

 

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 28,

2024

  

December 30,

2023

 

Time-based restricted stock awards outstanding

  294,146   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

  252,119   297,730 
         

Total

  1,142,305   1,377,392