XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Note 4 - Earnings Per Share | 6 Months Ended
--- | ---
Mar. 30, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] |
Note 4 | Earnings per Share
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 and service share units (“RSU”)’s) 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, 2024 |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 13,329 |  |  |  | 19,380 |  |  | $ | 0.69 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
RSU's and options |  |  | - |  |  |  | 38 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 13,329 |  |  |  | 19,418 |  |  | $ | 0.69 |
213,851 anti-dilutive shares have been excluded in the computation of EPS for the three months ended March 30, 2024.
|  | Six months ended March 30, 2024 |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 20,611 |  |  |  | 19,362 |  |  | $ | 1.06 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
RSU's and options |  |  | - |  |  |  | 49 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 20,611 |  |  |  | 19,411 |  |  | $ | 1.06 |
214,932 anti-dilutive shares have been excluded in the computation of EPS for the six months ended March 30, 2024.
|  | Three months ended March 25, 2023 |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 6,871 |  |  |  | 19,238 |  |  | $ | 0.36 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
RSU's and options |  |  | - |  |  |  | 57 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 6,871 |  |  |  | 19,295 |  |  | $ | 0.36 |
381,735 anti-dilutive shares have been excluded in the computation of EPS for the three months ended March 25, 2023.
|  | Six months ended March 25, 2023 |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 13,504 |  |  |  | 19,230 |  |  | $ | 0.70 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
RSU's and options |  |  | - |  |  |  | 55 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 13,504 |  |  |  | 19,285 |  |  | $ | 0.70 |
386,510 anti-dilutive shares have been excluded in the computation of EPS for the six months ended March 25, 2023.

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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration