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Note 10 - Earnings Per Share

6 Months Ended

Apr. 01, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

(10) Earnings Per Share

The computation of basic and diluted earnings per share attributable to common shareholders is as follows:

		Three Months Ended								Six Months Ended
		April 1,				April 2,				April 1,				April 2,
(In thousands, except per share amounts)		2023				2022				2023				2022
Net earnings		$	5,101			$	39,017			$	16,224			$	62,146

Basic weighted average shares outstanding			19,503				19,492				19,514				19,487
Dilutive effect of stock-based compensation			59				131				59				128
Diluted weighted average shares outstanding			19,562				19,623				19,573				19,615

Net earnings per share:
Basic		$	0.26			$	2.00			$	0.83			$	3.19
Diluted		$	0.26			$	1.99			$	0.83			$	3.17

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation amounted to 70,000 and 67,000 shares for the three-month periods ended April 1, 2023, and April 2, 2022, respectively, and 82,000 and 62,000 shares for the six-month periods ended April 1, 2023, and April 2, 2022, respectively.