10.

PER SHARE DATA

 

The Company uses the treasury stock method to calculate the weighted-average shares outstanding used for diluted earnings per share. The number of weighted-average shares used to calculate basic and diluted earnings per share for the fiscal years ended January 3, 2026 and December 28, 2024 was determined as follows:

 

  

Fiscal Years Ended

 
  

January 3,

2026

  

December 28,

2024

 

Basic weighted average shares outstanding

  7,449,377   7,737,063 

Dilutive effect of outstanding restricted stock awards

  186,363   202,318 
         

Diluted weighted average shares outstanding

  7,635,740   7,939,381 

 

For the fiscal years ended January 3, 2026 and December 28, 2024, there were no anti-dilutive shares included in the calculation of common stock equivalents as there were no stock options outstanding.

 

Unissued shares of common stock were reserved for the following purposes:

 

  

January 3,

2026

  

December 28,

2024

 

Time-based restricted stock and stock unit awards outstanding

  179,037   289,421 

Performance-based restricted stock and stock unit awards outstanding

  282,157   300,000 

Future grants of options or shares available

  1,248,902   295,680 

Shares reserved for employee stock purchase plan

  216,574   252,119 
         

Total

  1,926,670   1,137,220 

 

Historical Timeline

Fiscal YearFiled
2026Apr 3, 2026Showing above
2024Mar 13, 2025

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.