Note 10 - Per Share Data

9 Months Ended

Sep. 28, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10. Per Share Data

Both basic and diluted earnings per share for all periods are calculated based on the reported earnings in the Company’s consolidated statements of income.

The number of shares of common stock used to calculate basic and diluted earnings per share for the thirteen and thirty-nine week periods ended September 28, 2013 and September 29, 2012 was determined as follows:

	Thirteen Week Periods Ended				Thirty-Nine Week Periods Ended
	September 28, 2013		September 29, 2012		September 28, 2013		September 29, 2012
Basic weighted average shares outstanding		12,364,018		12,057,478		12,333,318		12,422,558
Dilutive effect of outstanding stock options		123,400		194,731		98,143		205,140
Weighted average dilutive shares outstanding		12,487,418		12,252,209		12,431,461		12,627,698

There were 97,500 and 62,500 absolute anti-dilutive shares not included in the calculation of common stock equivalents for the thirty-nine week periods ended September 28, 2013 and September 29, 2012, respectively.  These were determined to be anti-dilutive because the exercise prices of these shares for the period were higher than the average price of all shares for the same period.

Unissued shares of common stock were reserved for the following purposes:

	September 28, 2013		December 29, 2012
Exercise of options outstanding		279,900		307,400
Restricted stock awards outstanding		327,500		350,000
Future grants of options or shares		56,600		34,100
Shares reserved for employee stock purchase plan		189,576		247,752
Total		853,576		939,252