Note 10 - Earnings Per Share

3 Months Ended

Apr. 01, 2018

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

April 1, 2018,

1,324,753

stock options and

17,500

restricted stock awards were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in

498,109

additional shares in the calculation of fully diluted earnings per share. For the comparable

three

-month period ended

April 2, 2017,

1,180,031

stock options and

15,900

restricted stock awards were included in the calculation of Diluted EPS resulting in

244,591

additional shares in the calculation of fully diluted earnings per share. There were

214,000

and

1,015,050

outstanding stock options for the

three

-month periods ended

April 1, 2018

and

April 2, 2017,

respectively, which were

not

included in EPS as the effect would be anti-dilutive.