Note 3 - Loss per Share

3 Months Ended

Jul. 03, 2011

Earnings Per Share [Text Block]

3.           Loss per Share

Loss per share, basic, is computed based on the weighted average number of common shares outstanding for the period.  Loss per share, diluted, is computed based on the weighted average number of common and potentially dilutive common equivalent shares outstanding for the period.  A reconciliation of the numerators and denominators of the basic and diluted loss per share computations are illustrated below:

	13 weeks ended
	July 3, 2011			June 27, 2010
	(in thousands, except per share amounts)
Net loss	$	(826	)	$	(1,943	)
Weighted average common shares outstanding		14,190			14,187
Basic and diluted loss per share	$	(0.06	)	$	(0.14	)

Options to purchase an aggregate of1,940,946 and 1,777,284 shares for the 13 weeks ended July 3, 2011 and June 27, 2010, respectively, are excluded from the computation of diluted loss per share as their effect would have been anti-dilutive.