Note 9 - Earnings Per Share

3 Months Ended

Mar. 02, 2013

Earnings Per Share [Text Block]

9. Earnings Per Share

The following reconciles basic and diluted earnings per share:

	Net Income (Loss)			Weighted Average Shares		Net Income (Loss) Per Share
For the quarter ended March 2, 2013:
Basic earnings per share	$	980			10,698,626	$	0.09
Add effect of dilutive securities:
Options and restricted shares		-			157,259		-
Diluted earnings per share	$	980			10,855,885	$	0.09
For the quarter ended February 25, 2012:
Basic earnings per share	$	(596	)		11,159,980	$	(0.05	)
Add effect of dilutive securities:
Options and restricted shares		-			-		-
Diluted earnings per share	$	(596	)		11,159,980	$	(0.05	)

For the three months ended March 2, 2013 and February 25, 2012, options to purchase 472,500 and 875,500 shares of common stock, respectively, as well as 137,960 shares of unvested restricted stock for the three months ended February 23, 2012, were excluded from the computation as their effect was anti-dilutive.