• Filing Date: 2013-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
2. EARNINGS PER SHARE
6 Months Ended
Jun. 28, 2013
Notes to Financial Statements  
Note 2 - EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding, and does not include the impact of any potentially dilutive common stock equivalents. Diluted earnings per share reflect the potential dilution of securities that could share in our earnings through the conversion of common shares issuable via outstanding stock options and stock warrants, except where its inclusion would be anti-dilutive. Total outstanding common stock equivalents at June 28, 2013 and June 29, 2012 were 10,184,000 and 13,510,803, respectively.

 

Diluted common shares outstanding were calculated as follows: 

 

   Thirteen Weeks Ended  Twenty-six Weeks Ended
   June 28, 2013  June 29, 2012  June 28, 2013  June 29, 2012
Weighted average number of common shares used in basic net income per common share   59,611,242    59,146,678    59,611,242    59,095,732 
Dilutive effects of outstanding stock warrants   2,611,636    4,126,503    2,796,627    3,979,415 
Dilutive effects of vested stock options   261,581    712,814    386,263    645,775 
Weighted average number of common shares used in diluted net income per common share   62,484,459    63,985,995    62,794,132    63,720,922