Note 10 - Earnings Per Share

3 Months Ended

Apr. 02, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

10. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing earnings attributable to the Company’s common shareholders by the weighted-average shares outstanding during the period. Diluted EPS includes the dilutive effect of securities, if any, and is calculated using the treasury stock method. For the

three

-month period ended

April

2,

2017,

1,180,031

stock options and

15,900

restricted stock awards were included in the calculation of Diluted EPS as such securities are dilutive. Inclusion of these securities resulted in

244,591

additional shares in the calculation of fully diluted earnings per share. For the comparable period ended

March

 

27,

2016,

1,242,230

stock options and

32,800

restricted stock awards were included in the calculation of Diluted EPS resulting in

342,809

additional shares in the calculation of fully diluted earnings per share. There were

1,015,050

and

1,051,750

outstanding stock options for the

three

-month periods ended

April

2,

2017

and

March

 

27,

2016,

respectively, which were not included in EPS as the effect would be anti-dilutive.