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Note 10 - Per Share Data
12 Months Ended
Dec. 28, 2024
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 outstanding used for diluted earnings per share. The number of weighted-average shares used to calculate basic and diluted earnings per share for the fiscal years ended December 28, 2024 and December 30, 2023 was determined as follows:

 

  

Fiscal Years Ended

 
  

December 28,

2024

  

December 30,

2023

 

Basic weighted average shares outstanding

  7,737,063   8,308,867 

Dilutive effect of outstanding restricted share awards

  202,318   283,705 
         

Diluted weighted average shares outstanding

  7,939,381   8,592,572 

 

For the fiscal years ended December 28, 2024 and December 30, 2023, 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:

 

  

December 28,

2024

  

December 30,

2023

 

Time-based restricted stock awards outstanding

  289,421   376,618 

Performance-based restricted stock awards outstanding

  300,000   100,000 

Future grants of options or shares

  295,680   603,044 

Shares reserved for employee stock purchase plan

  252,119   297,730 
         

Total

  1,137,220   1,377,392