XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.22.2

Note 5 | 9 Months Ended
--- | ---
Jun. 25, 2022
Notes to Financial Statements |
Earnings Per Share [Text Block] |
Note 5 | 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 25, 2022 |  |  |  |  |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 15,563 |  |  |  | 19,174 |  |  | $ | 0.81 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | - |  |  |  | 60 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 15,563 |  |  |  | 19,234 |  |  | $ | 0.81 |
382,431 anti-dilutive shares have been excluded in the computation of EPS for the three months ended June 25, 2022.
|  | Nine Months ended June 25, 2022 |  |  |  |  |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 29,925 |  |  |  | 19,131 |  |  | $ | 1.56 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | - |  |  |  | 67 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 29,925 |  |  |  | 19,198 |  |  | $ | 1.56 |
302,674 anti-dilutive shares have been excluded in the computation of EPS for the nine months ended June 25, 2022.
|  | Three Months Ended June 26, 2021 |  |  |  |  |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 28,893 |  |  |  | 19,045 |  |  | $ | 1.52 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | - |  |  |  | 140 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 28,893 |  |  |  | 19,185 |  |  | $ | 1.51 |
20,800 anti-dilutive shares have been excluded in the computation of EPS for the three months ended June 26, 2021.
|  | Nine Months Ended June 26, 2021 |  |  |  |  |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 36,732 |  |  |  | 18,996 |  |  | $ | 1.93 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | - |  |  |  | 120 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 36,732 |  |  |  | 19,116 |  |  | $ | 1.92 |
289,692 anti-dilutive shares have been excluded in the computation of EPS for the nine months ended June 26, 2021.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration