Quarterly report pursuant to Section 13 or 15(d)

Note 7. Earnings per common share (Detail) - Common Shares Outstanding for Basic and Diluted Earnings per Share

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Note 7. Earnings per common share (Detail) - Common Shares Outstanding for Basic and Diluted Earnings per Share
 3 Months Ended 6 Months Ended
Jul. 01, 2012
Jul. 03, 2011
Jul. 01, 2012
Jul. 03, 2011
Jul. 03, 2011
Basic weighted average shares outstanding 16,300,574 15,962,945 16,266,077 16,070,511 16,070,511
Dilutive stock options (a) (b) 159,298 [1],[2]    [1],[2] 140,804 [1],[2]    [1],[2]  
Diluted weighted average shares outstanding 16,459,872 15,962,945 16,406,881 16,070,511 16,070,511
[1] For the three and six months ended July 1, 2012, as a result of net earnings from continuing operations, dilutive options were determined using the treasury stock method, using an average share price of $3.48 and $3.32 per share, respectively. For the three and six months ended July 1, 2012, the calculation did not include 43,600 and 317,100 stock options, respectively, as the effect would have been anti-dilutive.
[2] As a result of the net loss from continuing operations for the three and six months ended July 3, 2011, diluted earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive.