Earnings Per Share

3 Months Ended

Apr. 02, 2016

Net income (loss) per common share

Earnings Per Share

Note 7: Earnings Per Share

Basic earnings per common share has been computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted earnings per common share for the periods ended April 2, 2016 and March 28, 2015 have been computed by dividing net income (loss) 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 April 2, 2016 were 80,000 non-qualified options granted to directors that were antidilutive because the market price of the common stock as of April 2, 2016 was less than the exercise prices of any of these options.

The following table sets forth the computation of basic and diluted earnings per share:

	Thirteen Weeks Ended April 2, 2016		Thirteen Weeks Ended March 28, 2015
Numerator
Net income (loss)-basic	$	130	$	(377	)
Net income (loss)-diluted	$	136	$	(377	)
Denominator
Basic earnings per share weighted average shares		5,154		5,154
Diluted earnings per share weighted average shares		5,154		5,154
Income (loss) per share
Basic	$	0.03	$	(0.07	)
Diluted	$	0.03	$	(0.07	)