Note 9 - Per Share Data

6 Months Ended

Jun. 29, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

9.    Per Share Data

The Company uses the treasury stock method to calculate the weighted-average shares outstanding used for diluted earnings per share. The number of weighted-average shares used to calculate basic and diluted earnings per share for the thirteen and twenty-six weeks ended June 29, 2024 and July 1, 2023 was determined as follows:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Basic weighted average shares outstanding		7,789,298		8,297,521		7,858,165		8,734,848
Dilutive effect of outstanding restricted share awards		166,645		260,875		219,884		241,866
Diluted weighted average shares outstanding		7,955,943		8,558,396		8,078,049		8,976,714

For all periods presented, there were no anti-dilutive shares included in the calculation of common stock equivalents as there were no stock options outstanding.

9.    Per Share Data (Continued)

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

	June 29, 2024		December 30, 2023
Time-based restricted stock awards outstanding		328,918		376,618
Performance-based restricted stock awards outstanding		300,000		100,000
Future grants of options or shares		296,040		603,044
Shares reserved for employee stock purchase plan		274,941		297,730
Total		1,199,899		1,377,392