Stockholders' Equity

3 Months Ended

Mar. 29, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

5.         Stockholders’ Equity

Basic earnings per common share are based upon the weighted average shares outstanding.  Outstanding stock options are treated as potential common stock for purposes of computing diluted earnings per share.  Basic and diluted earnings per share are calculated using the following share data:

	Three Months Ended
	March 29, 2014	March 30, 2013
Weighted average shares outstanding for basic calculation	14,163	14,162
Add: Effect of dilutive stock options
Weighted average shares outstanding, adjusted for diluted calculation	14,163	14,162

In the 2014 and 2013 first quarter periods, the dilutive effect of stock options is not recognized since we have a net loss.  Approximately 1.8 million shares in 2014 and 2.1 million shares in 2013 are issuable upon the exercise of stock options, which were not included in the diluted per share calculation because they were anti-dilutive.  Also, 677,000 shares in 2014 and 367,000 shares in 2013 of restricted stock were not included because they were anti-dilutive.

A reconciliation of the activity in Stockholders’ Equity accounts for the quarter ended March 29, 2014 is as follows:

		Common Stock		Capital in  Excess of Par Value		Retained  Earnings		Accumulated Other Comprehensive Loss
Balance, December 31, 2013	$	283	$	15,732	$	59,784	$	(158)
Net loss						(4,410)
Stock-based compensation				223
Adjustment to net periodic benefit cost								(35)
Balance, March 29,2014	$	283	$	15,955	$	55,374	$	(193)