Stockholders' Equity

6 Months Ended

Jun. 27, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Stockholders’ Equity

Basic earnings per common share are based upon the weighted average shares outstanding.  Outstanding stock options and restricted stock 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		Six Months
	Ended		Ended
	June 27,	June 28,	June 27,	June 28,
	2015	2014	2015	2014
Weighted average shares outstanding for basic calculation	14,260	14,167	14,250	14,165
Add: Effect of dilutive stock awards	237	-	211	-
Weighted average shares outstanding,  adjusted for diluted calculation	14,497	14,167	14,461	14,165

In the three and six month periods ended June 27, 2015, approximately 1,378 and 1,361 stock options respectively, were excluded from the diluted per share calculation as they would be anti-dilutive.  In the 2014 three and six month periods, the dilutive effect of stock options is not recognized since we had a net loss.  Approximately 1,765 shares in the three and six month periods of 2014 were issuable upon the exercise of stock options, which were not included in the diluted per share calculation because they were anti-dilutive.  Also, 707 shares in 2014 of restricted stock were not included because they were anti-dilutive.

A reconciliation of the activity in Stockholders’ Equity accounts for the first six months ended June 27, 2015 is as follows:

	Common Stock		Capital in Excess of Par Value		Retained Earnings		Accumulated Other Comprehensive Loss
Balance at December 31, 2014	$	283	$	16,710	$	26,683	$	(2,697)
Net income		-		-		3,958		-
Stock-based compensation		-		406		-		-
Adjustment to net periodic benefit cost		-		-		-		12
Balance at June 27, 2015	$	283	$	17,116	$	30,641	$	(2,685)