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Note 4
3 Months Ended
Mar. 24, 2012
Earnings Per Share [Text Block]
Note 4
Basic earnings per common share (EPS) excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period.  Diluted EPS takes into consideration the potential dilution that could occur if securities (stock options) or other contracts to issue common stock were exercised and converted into common stock. Our calculation of EPS is as follows:

   
Three Months Ended March 24, 2012
 
   
Income
(Numerator)
   
Shares
(Denominator)
   
Per Share
Amount
 
                   
   
(in thousands, except per share amounts)
 
Basic EPS
                 
Net Earnings available to common stockholders
  $ 10,423       18,858     $ 0.55  
                         
Effect of Dilutive Securities
                       
Options
    -       72       -  
                         
Diluted EPS
                       
Net Earnings available to common stockholders plus assumed conversions
  $ 10,423       18,930     $ 0.55  

   
Six Months Ended March 24, 2012
 
   
Income
(Numerator)
   
Shares
(Denominator)
   
Per Share
Amount
 
                   
   
(in thousands, except per share amounts)
 
Basic EPS
                 
Net Earnings available to common stockholders
  $ 15,908       18,832     $ 0.84  
                         
Effect of Dilutive Securities
                       
Options
    -       70       -  
                         
Diluted EPS
                       
Net Earnings available to common stockholders plus assumed conversions
  $ 15,908       18,902     $ 0.84  

   
Three Months Ended March 26, 2011
 
   
Income
(Numerator)
   
Shares
(Denominator)
   
Per Share
Amount
 
                   
   
(in thousands, except per share amounts)
 
Basic EPS
                 
Net Earnings available to common stockholders
  $ 8,659       18,638     $ 0.46  
                         
Effect of Dilutive Securities
                       
Options
    -       129       -  
                         
Diluted EPS
                       
Net Earnings available to common stockholders plus assumed conversions
  $ 8,659       18,767     $ 0.46  

   
Six Months Ended March 26, 2011
 
   
Income
(Numerator)
   
Shares
(Denominator)
   
Per Share
Amount
 
                   
   
(in thousands, except per share amounts)
 
Basic EPS
                 
Net Earnings available to common stockholders
  $ 15,753       18,608     $ 0.85  
                         
Effect of Dilutive Securities
                       
Options
    -       126       (0.01 )
                         
Diluted EPS
                       
Net Earnings available to common stockholders plus assumed conversions
  $ 15,753       18,734     $ 0.84