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Note 10 - Earnings Per Share
9 Months Ended
Oct. 01, 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
October 1, 2017,
1,481,844
stock options and
no
restricted stock units were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in
407,668
additional shares in the calculation of fully diluted earnings per share. For the comparable
three
-month period ended
September 25, 2016,
758,953
stock options and
15,900
restricted stock units were included in the calculation of Diluted EPS resulting in
91,041
additional shares in the calculation of fully diluted earnings per share. For the
nine
-month periods ended
October 1, 2017
and
September 25, 2016,
1,066,844
and
1,139,843
stock options and
zero
and
15,900
restricted stock units, respectively, were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in
323,217
and
184,564
additional shares, respectively, in the calculation of fully diluted earnings per share.
 
There
were
569,000
and
1,733,083
outstanding stock options for the
three
-month periods ended
October 1, 2017
and
September 25, 2016,
respectively, which were
not
included in EPS as the effect would be anti-dilutive. There were
984,000
and
1,351,833
outstanding stock options for the
nine
-month periods ended
October 1, 2017
and
September 25, 2016,
respectively, which were
not
included in EPS as the effect would be anti-dilutive.