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INCOME PER SHARE OF COMMON STOCK | 9 Months Ended
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Jul. 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 Ended |  | 39 Weeks Ended
| July 3, 2021 |  | June 27, 2020 |  | July 3, 2021 |  | June 27, 2020
Basic | 3,522 |  |  | 3,502 |  |  | 3,512 |  |  | 3,500 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options | 126 |  |  | — |  |  | 90 |  |  | — |
Diluted | 3,648 |  |  | 3,502 |  |  | 3,602 |  |  | 3,500 |
For the 13- and 39-week periods ended July 3, 2021, the dilutive effect of 443,500 options was not included in diluted earnings per share as their impact would be anti-dilutive. For the 13- and 39-week periods ended June 27, 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.

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