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Note 10 - Earnings Per Share
6 Months Ended
Jul. 02, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
10.
EARNINGS PER SHARE
 
Basic earnings per share (“EPS”) is computed by dividing earnings attributable to the Company’s common shareholders by the weighted-average shares outstanding during the period. Diluted EPS includes the dilutive effect of securities, if any, and is calculated using the treasury stock method. For the
three
-month period ended
July 2, 2017,
1,055,097
stock options and
13,400
restricted stock units were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in
339,705
additional shares in the calculation of fully diluted earnings per share. For the comparable
three
-month period ended
June 26, 2016,
1,144,076
stock options and
32,800
restricted stock units were included in the calculation of Diluted EPS resulting in
160,732
additional shares in the calculation of fully diluted earnings per share. For the
six
-month periods ended
July 2, 2017
and
June 26, 2016,
1,055,097
and
1,177,076
stock options and
13,400
and
32,800
restricted stock units, respectively, were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in
291,062
and
255,479
additional shares, respectively, in the calculation of fully diluted earnings per share.
 
There were
1,060,916
and
996,583
outstanding stock options for the
three
-month periods ended
July 2, 2017
and
June 26, 2016,
respectively, which were
not
included in EPS as the effect would be anti-dilutive. There were
1,060,916
and
963,583
outstanding stock options for the
six
-month periods ended
July 2, 2017
and
June 26, 2016,
respectively, which were
not
included in EPS as the effect would be anti-dilutive.