XML 29 R19.htm IDEA: XBRL DOCUMENT v3.21.1
INCOME PER SHARE OF COMMON STOCK
 6 Months Ended
Apr. 03, 2021
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 Ended26 Weeks Ended
 April 3,
2021		March 28,
2020		April 3,
2021		March 28,
2020
Basic3,511 3,500 3,507 3,499 
Effect of dilutive securities:
     Stock options116 — 72 — 
Diluted3,627 3,500 3,579 3,499 

For the 13- and 26- week periods ended April 3, 2021, the dilutive effect of 482,500 options were not included in diluted earnings per share as their impact would be anti-dilutive.

For the 13- and 26- week periods ended March 28, 2020, the dilutive effect of all outstanding options to purchase shares of our common stock were not included in diluted earnings per share as their impact would have been anti-dilutive.