Annual report pursuant to Section 13 and 15(d)

Note 10 - Earnings (Loss) Per Share

v2.4.1.9
Note 10 - Earnings (Loss) Per Share
 12 Months Ended
Dec. 28, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

10.

Earnings (loss) per share


The following table details the weighted average number of shares outstanding for the purposes of computing basic and diluted earnings (loss) per share for:


(Number of common shares)

 

Period ended December 28,
2014

 

   

Period ended December 29,
2013

 

   

Period ended December 30,
2012

 

 

Basic weighted average shares outstanding

    16,417,275       16,361,865       16,294,893  

Dilutive stock options (a)(b)

    —       —       120,629  
                         

Diluted weighted average shares outstanding

    16,417,275       16,361,865       16,415,522  

(a)

For the periods ended December 28, 2014 and December 29, 2013, as a result of a net loss for the period, dilutive earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive.


(b)

Dilutive stock options were determined by using the treasury stock method. For the period ended December 30, 2012 the average share price used was $3.07 per share.