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Note 10 - Earnings Per Share
6 Months Ended
Jul. 01, 2018
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 1, 2018,
1,268,286
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
598,061
additional shares in the calculation of fully diluted earnings per share. For the comparable
three
-month period ended
July 2, 2017,
1,055,097
stock options and
13,400
restricted stock awards were included in the calculation of Diluted EPS resulting in
339,705
additional shares in the calculation of fully diluted earnings per share. For the
six
-month periods ended
July 1, 2018
and
July 2, 2017,
1,254,286
and
1,055,097
stock options and
17,500
and
13,400
restricted stock awards, respectively, were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in
540,836
and
291,062
additional shares, respectively, in the calculation of fully diluted earnings per share.
 
There were
401,750
and
1,060,916
outstanding stock options for the
three
-month periods ended
July 1, 2018
and
July 2, 2017,
respectively, which were
not
included in EPS as the effect would be anti-dilutive. There were
415,750
and
1,060,916
outstanding stock options for the
six
-month periods ended
July 1, 2018
and
July 2, 2017,
respectively, which were
not
included in EPS as the effect would be anti-dilutive.