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Note 5 - Earnings Per Share | 6 Months Ended
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Mar. 29, 2025
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 March 29, 2025 |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 4,824 |  |  |  | 19,488 |  |  | $ | 0.25 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
RSU's and options |  |  | - |  |  |  | 75 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 4,824 |  |  |  | 19,563 |  |  | $ | 0.25 |
126,436 anti-dilutive shares have been excluded in the computation of EPS for the three months ended March 29, 2025.
|  | Six months ended March 29, 2025 |
|  | Income |  |  | Shares |  |  | Per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
|  | (in thousands, except per share amounts) |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 9,967 |  |  |  | 19,480 |  |  | $ | 0.51 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
RSU's and options |  |  | - |  |  |  | 88 |  |  |  | - |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders plus assumed conversions |  | $ | 9,967 |  |  |  | 19,568 |  |  | $ | 0.51 |
108,068 anti-dilutive shares have been excluded in the computation of EPS for the six months ended March 29, 2025.
|  | 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.

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