Note 10 - Per Share Data

12 Months Ended

Jan. 03, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10. PER SHARE DATA

The Company uses the treasury stock method to calculate the weighted-average shares used for diluted earnings per share. The number of common shares used to calculate basic and diluted earnings per share for fiscal years ended January 3, 2015 and December 28, 2013 was determined as follows:

	Fiscal Years Ended
	January 3, 2015		December 28, 2013
Basic weighted average shares outstanding		12,516,457		12,343,261
Dilutive effect of outstanding stock options		214,108		135,111
Weighted average dilutive shares outstanding		12,730,565		12,478,372

There were 40,000 and 97,500 absolute anti-dilutive shares not included in the calculation of common stock equivalents for fiscal year ended January 3, 2015 and December 28, 2013, 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:

	January 3, 2015		December 28, 2013
Exercise of options outstanding		53,000		276,900
Restricted stock awards outstanding		500,000		300,000
Future grants of options or shares		425,000		34,100
Shares reserved for employee stock purchase plan		122,484		189,576
Total		1,100,484		800,576