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Note 4
 3 Months Ended
Dec. 28, 2013
Earnings Per Share [Abstract]  
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 December 28, 2013

 
   

Income

(Numerator)

   

Shares

(Denominator)

   

Per Share

Amount

 
                         
   

(in thousands, except per share amounts)

 

Basic EPS

                       

Net Earnings available to common stockholders

  $ 12,426       18,679     $ 0.67  
                         

Effect of Dilutive Securities

                       

Options

    -       114       (0.01 )
                         

Diluted EPS

                       

Net Earnings available to common stockholders plus assumed conversions

  $ 12,426       18,793     $ 0.66  

   

Three Months Ended December 29, 2012

 
   

Income

(Numerator)

   

Shares

(Denominator)

   

Per Share

Amount

 
                         
   

(in thousands, except per share amounts)

 

Basic EPS

                       

Net Earnings available to common stockholders

  $ 10,226       18,807     $ 0.54  
                         

Effect of Dilutive Securities

                       

Options

    -       63       -  
                         

Diluted EPS

                       

Net Earnings available to common stockholders plus assumed conversions

  $ 10,226       18,870     $ 0.54