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Note 4

6 Months Ended

Mar. 30, 2019

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 March 30, 2019
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders		$	20,354				18,795			$	1.08
Effect of Dilutive Securities
Options			-				96				-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions		$	20,354				18,891			$	1.08

800

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

three

months ended

March 30, 2019.

		Six Months Ended March 30, 2019
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders		$	37,880				18,780			$	2.02
Effect of Dilutive Securities
Options			-				114				(0.02	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions		$	37,880				18,894			$	2.00

800

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

six

months ended

March 30, 2019.

		Three Months Ended March 31, 2018
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders		$	17,833				18,685			$	0.95
Effect of Dilutive Securities
Options			-				118				-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions		$	17,833				18,803			$	0.95

159,378

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

three

months ended

March 31, 2018.

		Six Months Ended March 31, 2018
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders		$	54,082				18,675			$	2.90
Effect of Dilutive Securities
Options			-				115				(0.02	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions		$	54,082				18,790			$	2.88

159,378

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

six

months ended

March 31, 2018.

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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