2. EARNINGS PER SHARE

9 Months Ended

Sep. 25, 2015

Earnings per share:

Note 2 - EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding, and does not include the impact of any potentially dilutive common stock equivalents. Diluted earnings per share reflect the potential dilution of securities that could share in our earnings through the conversion of common shares issuable via outstanding stock options and stock warrants, except where their inclusion would be anti-dilutive. Total outstanding common stock equivalents at September 25, 2015 and September 26, 2014 were 3,728,500 and 4,995,000 respectively.

Diluted common shares outstanding were calculated using the Treasury Stock Method and are as follows:

	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	September 25, 2015		September 26, 2014		September 25, 2015		September 26, 2014
Weighted average number of common shares used in basic net income per common share		64,995,420		65,365,148		65,546,464		63,282,191
Dilutive effects of stock options		1,347,448		1,736,631		1,324,713		1,612,981
Weighted average number of common shares used in diluted net income per common share		66,342,868		67,101,779		66,871,177		64,895,172