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INCOME PER SHARE OF COMMON STOCK | 9 Months Ended
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Jun. 27, 2020
Earnings Per Share [Abstract] |
Income Per Share of Common Stock | INCOME PER SHARE OF COMMON STOCK Basic earnings per share is computed by dividing net income attributable to Ark Restaurants Corp. by the weighted average number of common shares outstanding for the period. Our diluted earnings per share is computed similarly to basic earnings per share, except that it reflects the effect of common shares issuable upon exercise of stock options, using the treasury stock method in periods in which they have a dilutive effect. A reconciliation of shares used in calculating earnings per basic and diluted share follows:
|  | 13 Weeks Ended |  | 39 Weeks Ended
|  | June 27, |  | June 29, |  | June 27, |  | June 29,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Basic |  | 3,502 |  |  | 3,481 |  |  | 3,500 |  |  | 3,477 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options |  | — |  |  | 49 |  |  | — |  |  | 54 |
Diluted |  | 3,502 |  |  | 3,530 |  |  | 3,500 |  |  | 3,531 |
For the 13-week and 39-week periods ended June 27, 2020, the dilutive effect of options to purchase 129,000 shares of common stock at an exercise price of $14.40 per share, options to purchase 5,000 shares of common stock at an exercise price of $20.26 per share, options to purchase 172,500 shares of common stock at an exercise price of $22.50 per share, options to purchase 20,000 shares of common stock at an exercise price of $22.30 per share, options to purchase 11,000 shares of common stock at an exercise price of $20.18 per share and options to purchase 266,500 shares of common stock at an exercise price of $21.90 per share were not included in diluted earnings per share as their impact would be anti-dilutive. For the 13-week and 39-week periods ended June 29, 2019, the dilutive effect of options to purchase 209,000 shares of common stock at an exercise prices ranging from $20.18 per share to $22.50 per share were not included in diluted earnings per share as their impact would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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