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Note 4
 6 Months Ended
Mar. 29, 2014
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 March 29, 2014

 
   

Income

(Numerator)

   

Shares

(Denominator)

   

Per Share

Amount

 
                         
   

(in thousands, except per share amounts)

 

Basic EPS

                       

Net Earnings available to common stockholders

  $ 13,521       18,693     $ 0.72  
                         

Effect of Dilutive Securities

                       

Options

    -       126       -  
                         

Diluted EPS

                       

Net Earnings available to common stockholders plus assumed conversions

  $ 13,521       18,819     $ 0.72  

   

Six Months Ended March 29, 2014

 
   

Income

(Numerator)

   

Shares

(Denominator)

   

Per Share

Amount

 
                         
   

(in thousands, except per share amounts)

 

Basic EPS

                       

Net Earnings available to common stockholders

  $ 25,947       18,686     $ 1.39  
                         

Effect of Dilutive Securities

                       

Options

    -       120       (0.01 )
                         

Diluted EPS

                       

Net Earnings available to common stockholders plus assumed conversions

  $ 25,947       18,806     $ 1.38  

   

Three Months Ended March 30, 2013

 
   

Income

(Numerator)

   

Shares

(Denominator)

   

Per Share

Amount

 
                         
   

(in thousands, except per share amounts)

 

Basic EPS

                       

Net Earnings available to common stockholders

  $ 12,660       18,800     $ 0.67  
                         

Effect of Dilutive Securities

                       

Options

    -       86       -  
                         

Diluted EPS

                       

Net Earnings available to common stockholders plus assumed conversions

  $ 12,660       18,886     $ 0.67  

   

Six Months Ended March 30, 2013

 
   

Income

(Numerator)

   

Shares

(Denominator)

   

Per Share

Amount

 
                         
   

(in thousands, except per share amounts)

 

Basic EPS

                       

Net Earnings available to common stockholders

  $ 22,886       18,803     $ 1.22  
                         

Effect of Dilutive Securities

                       

Options

    -       75       (0.01 )
                         

Diluted EPS

                       

Net Earnings available to common stockholders plus assumed conversions

  $ 22,886       18,878     $ 1.21