Note 10 - Per Share Data

12 Months Ended

Jan. 02, 2021

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 (loss) per share for the fiscal years ended

January 2, 2021

and

December 28, 2019

was determined as follows:

	Fiscal Years Ended
	January 2, 2021		December 28, 2019
Basic weighted average shares outstanding		12,152,042		12,913,912
Dilutive effect of outstanding restricted share awards		-		58,241
Weighted average dilutive shares outstanding		12,152,042		12,972,153

Because the year ended

January 2, 2021

recorded a net loss, the otherwise dilutive effect of

46,873

outstanding restricted share awards has

not

been included in the weighted average diluted shares outstanding. For the years ended

January 2, 2021

and

December 28, 2019,

there were

no

anti-dilutive shares

not

included in the calculation of common stock equivalents.

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

	January 2, 2021		December 28, 2019
Time-based restricted stock awards outstanding		459,805		151,725
Unvested subscription restricted share awards		250,000		-
Performance-based restricted stock awards outstanding		-		240,000
Future grants of options or shares		520,929		268,326
Shares reserved for employee stock purchase plan		149,894		267,877
Total		1,380,628		927,928