Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings Per Common Share

v2.4.1.9
Note 8 - Earnings Per Common Share
 3 Months Ended
Mar. 29, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

8.

Earnings per common share


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


   

Three months ended

 

(Number of common shares)

 

March 29, 2015

   

March 30, 2014

 

Basic weighted average shares outstanding

    16,417,276       16,417,270  

Dilutive stock options(a)

    —       —  

Diluted weighted average shares outstanding

    16,417,276       16,417,270  

(a)

For the three months ended March 29, 2015 and March 30, 2014, 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.