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Note 13 - Earnings (Loss) Per Share | 12 Months Ended
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Sep. 29, 2012
Earnings Per Share [Text Block] | (13) Earnings Per Share Effective October 4, 2009, the Company adopted certain provisions of ASC Topic 260, Earnings Per Share, which requires unvested share-based payment awards that contain non-forfeitable rights to dividends (whether paid or unpaid) to be treated as participating securities and included in the computation of basic earnings per share. The Company’s participating securities are its unvested restricted stock awards (“RSAs”). The computation of basic and diluted earnings per share attributable to common shareholders is as follows:
|  | Year Ended |
(In thousands, except per share amounts) |  | September 29, 2012 |  |  | October 1, 2011 |  |  | October 2, 2010 |
Earnings (loss) from continuing operations |  | $ | 1,809 |  |  | $ | (387 | ) |  | $ | 458 |
Less allocation to participating securities |  |  | - |  |  |  | - |  |  |  | (2 | )
Available to Insteel common shareholders |  | $ | 1,809 |  |  | $ | (387 | ) |  | $ | 456 |
Earnings from discontinued operations net of income taxes |  | $ | - |  |  | $ | - |  |  | $ | 15 |
Less allocation to participating securities |  |  | - |  |  |  | - |  |  |  | - |
Available to Insteel common shareholders |  | $ | - |  |  | $ | - |  |  | $ | 15 |
Net earnings (loss) |  | $ | 1,809 |  |  | $ | (387 | ) |  | $ | 473 |
Less allocation to participating securities |  |  | - |  |  |  | - |  |  |  | (2 | )
Available to Insteel common shareholders |  | $ | 1,809 |  |  | $ | (387 | ) |  | $ | 471 |
Basic weighted average shares outstanding |  |  | 17,664 |  |  |  | 17,562 |  |  |  | 17,466 |
Dilutive effect of stock-based compensation |  |  | 326 |  |  |  | - |  |  |  | 98 |
Diluted weighted average shares outstanding |  |  | 17,990 |  |  |  | 17,562 |  |  |  | 17,564 |
Per share basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |
Earnings (loss) from continuing operations |  | $ | 0.10 |  |  | $ | (0.02 | ) |  | $ | 0.03 |
Loss from discontinued operations |  |  | - |  |  |  | - |  |  |  | - |
Net earnings (loss) |  | $ | 0.10 |  |  | $ | (0.02 | ) |  | $ | 0.03 |
Options, restricted stock awards and RSUs representing 600,000 shares in 2012, 582,000 shares in 2011 and 577,000 shares in 2010 were antidilutive and were not included in the diluted EPS computation. Options and restricted stock awards representing 223,000 shares were not included in the diluted EPS calculation in 2011 due to the net losses that were incurred.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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