Note 9 - Per Share Data

3 Months Ended

Mar. 29, 2025

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 weeks ended March 29, 2025 and March 30, 2024 was determined as follows:

	Thirteen Weeks Ended
	March 29, 2025		March 30, 2024
Basic weighted average shares outstanding		7,616,460		7,927,031
Dilutive effect of outstanding restricted share awards		125,021		243,808
Diluted weighted average shares outstanding		7,741,481		8,170,839

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.

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

	March 29, 2025		December 28, 2024
Time-based restricted stock awards outstanding		215,520		289,421
Performance-based restricted stock awards outstanding		187,500		300,000
Future grants of options or shares		365,680		295,680
Shares reserved for employee stock purchase plan		233,927		252,119
Total		1,002,627		1,137,220