Earnings Per Share

6 Months Ended

Jul. 02, 2011

Earnings Per Share [Text Block]

Note 6: Earnings Per Share
	Basic earnings per common share has been computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share for all periods presented in the accompanying statement of operations was computed by dividing net income by the weighted average number of common shares outstanding and common stock equivalents, which include options outstanding during the same period. Not included in the calculation for each period were 41,000 and 51,000 non-qualified options, respectively, granted to directors, that were antidilutive because the average market price of our common stock for the thirteen and twenty-six week periods ended July 2, 2011 and July 3, 2010, respectively, was less than the exercise price of any of these options. Additionally, the Company notes that for the thirteen week period ended, July 3, 2010, the aforementioned options were not included since their effect would be antidilutive due to the Company’s loss in the period.
	The following table sets forth the computation of basic and diluted earnings (loss) per share:

	Thirteen Weeks Ended July 2, 2011		Thirteen Weeks Ended July 3, 2010			Twenty-six Weeks Ended July 2, 2011		Twenty-six Weeks Ended July 3, 2010
Numerator
Net income (loss)-basic and diluted	$	83	$	(42	)	$	17	$	233
Denominator
Denominator for basic and diluted earnings per share weighted average shares		5,177		5,177			5,177		5,177
Earnings (loss) per common share basic and diluted	$	0.02	$	(0.01	)	$	0.00	$	0.05