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Note 10 - Loss Per Common Share
 9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
10
)
Loss
Per Common Share
 
The Company computes earnings per share using the
two
-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends.
 
Our potentially dilutive securities include potential common shares related to our stock options and restricted stock. Diluted earnings per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. Diluted earnings per share excludes the impact of common shares related to our stock options in periods in which the option exercise price is greater than the average market price of our common stock for the period. For the
three
and
nine
months ended
September 30, 2018
and
October 
1,
 
2017,
diluted weighted average common shares do
not
include the impact of any outstanding stock options and unvested compensation-related shares because the effect of these items on diluted net loss would be anti-dilutive.
 
A reconciliation of the weighted average shares outstanding used in the calculation of basic and diluted loss per common share is as follows (in thousands):
 
   
Three Months Ended
    
Nine
Months Ended
  
   
September 30
,
    
October
1
,
    
September 30
,
    
October
1
,
  
   
201
8
    
201
7
    
201
8
    
201
7
  
   
(Unaudited)
    
(Unaudited)
  
Loss attributable to stockholders:
                                
Net loss as reported
   $
(2,336
)
   $
(3,133
)
   $
(3,317
)
   $
(9,588
 )
Less distributed and undistributed earnings allocable to restricted award holders
    
0
      
0
      
0
      
0
  
Net loss allocable to common stockholders
   $
(2,336
)
   $
(3,133
)
   $
(3,317
)
   $
(9,588
)
                                 
Loss per common share attributable to stockholders:
                                
Basic
   $
(0.11
)
   $
(0.15
)
   $
(0.16
)
   $
(0.47
)
Diluted
   $
(0.11
)
   $
(0.15
)
   $
(0.16
)
   $
(0.47
)
                                 
Weighted average shares outstanding – basic
    
20,555
      
20,397
      
20,497
      
20,305
  
Weighted average additional shares assuming conversion of potential common shares
    
0
      
0
      
0
      
0
  
Weighted average shares outstanding – diluted
    
20,555
      
20,397
      
20,497
      
20,305