Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings Per Common Share (Details Textual)

v3.7.0.1
Note 8 - Earnings Per Common Share (Details Textual) - $ / shares
 3 Months Ended
Apr. 02, 2017
Apr. 03, 2016
Weighted Average Number Diluted Shares Outstanding Adjustment If there had Been Net Income 887,138  
Treasury Stock Method Dilutive Options Average Share Price Used   $ 1.34
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants   0
Options Outstanding Considered in the Money   0
Weighted Average Number Diluted Shares Outstanding Adjustment [1],[2] 1,038,669
[1] For the three months ended April 2, 2017, as a result of net loss for the period, dilutive earnings per share were calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive. Had there been net income for the period, dilutive stock awards would have been calculated as 887,138 related to outstanding unvested restricted stock units and incremental in-the-money stock options.
[2] For the three months ended April 3, 2016, as a result of net income for the period, dilutive stock awards were determined using the treasury stock method with an average stock price of $1.34. No dilutive stock options were calculated as no outstanding options were considered in-the-money. Dilutive stock awards were calculated as 1,038,669 related to outstanding unvested restricted stock units.