Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.1.9
Earnings Per Share
 12 Months Ended
Jan. 03, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
Net income from continuing operations
$
12,618,787

 
$
2,898,048

 
$
3,982,884

Net (loss) income from discontinued operations, net of tax
$
(7,156,524
)
 
$
(1,137,484
)
 
$
252,028

Denominator:
 

 
 

 
 

Denominator for basic earnings per share - weighted average shares
8,702,094

 
6,941,794

 
6,341,856

Effect of dilutive securities:
 

 
 

 
 

Employee stock options and stock grants
13,008

 
5,610

 
52,488

Denominator for diluted earnings per share - weighted average shares
8,715,102

 
6,947,404

 
6,394,344

 
 
 
 
 
 
Earnings per share from continuing operations
 

 
 

 
 

Basic
$
1.45

 
$
0.42

 
$
0.63

Diluted
$
1.45

 
$
0.42

 
$
0.62

 
 
 
 
 
 
Loss (earnings) per share from discontinued operations
 
 
 
 
 
Basic
$
(0.82
)
 
$
(0.16
)
 
$
0.04

Diluted
$
(0.82
)
 
$
(0.16
)
 
$
0.04


The diluted earnings per share calculations exclude the effect of potentially dilutive shares when the inclusion of those shares in the calculation would have an anti-dilutive effect. The Company had weighted average shares of common stock of 46,957 in 2014, 161,084 in 2013 and 231,200 in 2012, which were not included in the diluted earnings per share calculation as their effect was anti-dilutive.