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Net Income (Loss) per Common Share
 6 Months Ended
Mar. 30, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) per Common Share
Note 7.Net Income (Loss) per Common Share

 

Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive securities for this calculation consist of in-the-money outstanding stock options, restricted stock units and warrants (which were assumed to have been exercised at the average market price of the common shares during the reporting period). The treasury stock method is used to measure the dilutive impact of in-the-money stock options.

 

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding:

 

   Quarter Ended   Year-to-Date 
   March 30,
2021		   March 31,
2020		   March 30,
2021		   March 31,
2020		 
                 
Weighted-average shares outstanding basic   12,659,296    12,583,643    12,640,686    12,590,549 
Effect of potentially dilutive securities:                    
Stock options   91,909    -    18,188    - 
Restricted stock units   75,058    -    75,058    - 
Weighted-average shares outstanding diluted   12,826,263    12,583,643    12,733,932    12,590,549 
Excluded from diluted weighted-average
  shares outstanding:		                    
Antidilutive   557,907    749,096    631,628    749,096