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Note 4

9 Months Ended

Jun. 24, 2017

Notes to Financial Statements

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 June 24, 2017
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders		$	25,304				18,727			$	1.35
Effect of Dilutive Securities
Options			-				119				(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions		$	25,304				18,846			$	1.34

500

anti-dilutive shares have been excluded in the computation of EPS for

the

three

months ended

June 24, 2017

.

		Nine Months Ended June 24, 2017
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders		$	54,831				18,708			$	2.93
Effect of Dilutive Securities
Options			-				110				(0.02	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions		$	54,831				18,818			$	2.91

158,494

anti-dilutive shares have been excluded in the computation of EPS for the

nine

months ended

June 24, 2017

.

		Three Months Ended June 25, 2016
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders		$	26,791				18,615			$	1.44
Effect of Dilutive Securities
Options			-				90				(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions		$	26,791				18,705			$	1.43

189,170

anti-dilutive shares have been excluded in the computation of EPS for the

three

months ended

June 25, 2016.

		Nine Months Ended June 25, 2016
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders		$	55,357				18,646			$	2.97
Effect of Dilutive Securities
Options			-				119				(0.02	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions		$	55,357				18,765			$	2.95

189,670

anti-dilutive shares have been excluded in the computation of EPS for the

nine

months ended

June 25, 2016.

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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