• Filing Date: 2013-11-07
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
2. EARNINGS PER SHARE
9 Months Ended
Sep. 27, 2013
Earnings per share:  
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, and contingent shares yet to be issued. Total outstanding common stock equivalents at September 27, 2013 and September 28, 2012 were 8,431,876 and 13,506,303, respectively.

 

Diluted common shares outstanding were calculated as follows:

 

    Thirteen Weeks Ended     Thirty-nine Weeks Ended  
   

September 27,

2013

   

September 28,

2012

   

September 27,

2013

   

September 28,

2012

 
Weighted average number of common shares used in basic net income per common share     59,611,242       59,301,342       59,611,242       59,167,829  
Dilutive effects of vested stock options     559,393       490,845       375,839       597,255  
Dilutive effects of outstanding stock warrants     -       3,013,044       -       3,199,490  
Dilutive effects of contingent shares to be issued     1,288,126       -       1,288,126       -  
Weighted average number of common shares used in diluted net income per common share     61,458,761       62,805,231       61,275,207       62,964,574