XML 27 R14.htm IDEA: XBRL DOCUMENT v3.25.2
Earnings Per Common Share
 9 Months Ended
Jul. 01, 2025
Earnings Per Common Share [Abstract]  
Earnings per Common Share
Note 8.Earnings 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 and restricted stock units (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 
   July 1, 2025   June 25, 2024   July 1, 2025   June 25, 2024 
Weighted-average shares outstanding basic   10,582,491    10,933,758    10,632,434    11,149,181 
Effect of potentially dilutive securities:                    
Stock options   
-
    11,479    
-
    7,922 
Restricted stock units   79,000    89,250    79,000    89,250 
Weighted-average shares outstanding diluted   10,661,491    11,034,487    10,711,434    11,246,353 
Excluded from diluted weighted average shares outstanding:                    
Antidilutive   436,049    345,623    436,049    345,623