Stockholders' Equity

9 Months Ended

Sep. 26, 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		Nine Months
	Ended		Ended
	Sept. 26,	Sept. 27,	Sept. 26,	Sept. 27,
	2015	2014	2015	2014
Weighted average shares outstanding for basic calculation	14,285	14,209	14,260	14,185
Add: Effect of dilutive stock awards	263	-	271	-
Weighted average shares outstanding,  adjusted for diluted calculation	14,548	14,209	14,531	14,185

In the three and nine month periods ended September 26, 2015, approximately 1,352 and 1,376 stock awards respectively, were excluded from the diluted per share calculation as they would be anti-dilutive.  In the 2014 three and nine month periods, the dilutive effect of stock options is not recognized since we had a net loss.  Approximately 1,639 shares in the three and nine 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, 544 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 nine months ended September 26, 2015 is as follows:

							Accumulated
			Capital in				Other
	Common		Excess of		Retained		Comprehensive
	Stock		Par Value		Earnings		Loss
Balance at December 31, 2014	$	283	$	16,710	$	26,683	$	(2,697)
Net income		-		-		4,423		-
Stock-based compensation		-		539		-		-
Adjustment to net periodic benefit cost		-		-		-		18
Balance at September 26, 2015	$	283	$	17,249	$	31,106	$	(2,679)