Note 2 - (Loss) Earnings per Share

3 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

2.             (Loss) Earnings per Share

(Loss) earnings per share, basic, is computed based on the weighted average number of common shares outstanding for the period. (Loss) earnings 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
	June 30, 2013			July 1, 2012
	(in thousands, except per share amounts)
Net (loss) income	$	(2,846	)	$	103
Weighted average number of common shares outstanding:
Basic		14,190			14,190
Effect of dilutive securities-stock options		-			9
Diluted		14,190			14,199
(Loss) earnings per share:
Basic	$	(0.20	)	$	0.01
Effect of dilutive securities-stock options		-			-
Diluted	$	(0.20	)	$	0.01

Options to purchase an aggregate of 2.2 million shares for the 13 weeks ended June 30, 2013 and July 1, 2012 are excluded from the computation of diluted loss per share as their effect would have been anti-dilutive.