Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Income (Loss) Per Share

v3.20.2
Note 10 - Income (Loss) Per Share
3 Months Ended
Jun. 27, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
 
(
10
)
         
Income
Per Share
 
Basic income per share is calculated by dividing net income by the weighted average common shares outstanding during the period. Diluted earnings per share (EPS) reflects the net incremental shares that would be issued if unvested restricted shares became vested and dilutive outstanding stock options were exercised, using the treasury stock method. . In addition, certain options are considered antidilutive because assumed proceeds from exercise price, related tax benefits and average future compensation was greater than the weighted average number of options outstanding multiplied by the average market price during the period.
 
Shares included in the diluted EPS calculation for the
three
-month period ended
June 27, 2020
are as follows:
 
   
June 27,
 
(In thousands except per share data)
 
2020
 
Net income
  $
72
 
         
Weighted average basic shares outstanding
   
2,636
 
Effect of dilutive securities
   
190
 
Weighted-average dilutive shares
   
2,826
 
         
Basic earnings per share
  $
0.03
 
Diluted earnings per share
  $
0.03
 
 
Shares included in the diluted EPS calculation for the
three
-month period ended
June 29, 2019
are as follows:
 
   
June 29,
 
(In thousands except per share data)
 
2019
 
Net income
  $
15
 
         
Weighted average basic shares outstanding
   
718
 
Effect of dilutive securities
   
821
 
Weighted-average dilutive shares
   
1,539
 
         
Basic earnings per share
  $
0.02
 
Diluted earnings per share
  $
0.01