Note 10 - Per Share Data

12 Months Ended

Dec. 28, 2019

Notes to Financial Statements

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 the fiscal years ended

December 28, 2019

and

December 29, 2018

was determined as follows:

	Fiscal Years Ended
	December 28, 2019		December 29, 2018
Basic weighted average shares outstanding		12,913,912		12,326,847
Dilutive effect of outstanding restricted share units		58,241		30,744
Weighted average dilutive shares outstanding		12,972,153		12,357,591

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

	December 28, 2019		December 29, 2018
Time-based restricted stock units outstanding		151,725		147,372
Performance-based restricted stock units outstanding		240,000		200,000
Future grants of options or shares		268,326		442,699
Shares reserved for employee stock purchase plan		267,877		386,403
Total		927,928		1,176,474

For the years ended

December 28, 2019

and

December 29, 2018,

there were

no

anti-dilutive shares

not

included in the calculation of common stock equivalents.