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Note 5 - Earnings Per Share

3 Months Ended

Dec. 28, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 5

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, service share units (“RSU”)’s, and performance share units (“PSU”)’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 December 28, 2024
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net earnings available to common stockholders		$	5,143				19,471			$	0.26

Effect of Dilutive Securities
RSU’s, PSU’s, and options			-				92				-

Diluted EPS
Net earnings available to common stockholders plus assumed conversions		$	5,143				19,563			$	0.26

20,546 anti-dilutive shares have been excluded in the computation of EPS for the three months ended December 28, 2024.

		Three months ended December 30, 2023
		Income				Shares				Per Share
		(Numerator)				(Denominator)				Amount
		(in thousands, except per share amounts)
Basic EPS
Net earnings available to common stockholders		$	7,282				19,344			$	0.38

Effect of Dilutive Securities
RSU’s, PSU’s, and options			-				79				(0.01	)

Diluted EPS
Net earnings available to common stockholders plus assumed conversions		$	7,282				19,423			$	0.37

188,077 anti-dilutive shares have been excluded in the computation of EPS for the three months ended December 30, 2023.