Earnings Per Share (Tables)

12 Months Ended

Oct. 03, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the basic and diluted earnings per share computation for the fiscal years presented:



(in thousands except share data)	2020		2019		2018
Numerator:
Net income	$	12,185	$	24,300	$	30,820
Less: preferred stock dividends	—		—		1,896
Net income available to common stockholders	$	12,185	$	24,300	$	28,924

Basic earnings per share (1):
Weighted average common shares outstanding	26,850,999		26,455,436		25,259,595
Basic earnings per share	$	0.45	$	0.92	$	1.15

Diluted earnings per share:
Weighted average common shares outstanding	26,850,999		26,455,436		25,259,595
Weighted average dilutive securities, convertible preferred stock	—		98,984		2,294,205
Weighted average dilutive securities, restricted stock	188,791		180,032		50,891
Weighted average dilutive securities, warrants	—		179,105		737,183
Weighted average dilutive securities, stock options	46,765		130,257		274,988
Weighted average shares and dilutive potential common shares	27,086,555		27,043,814		28,616,862
Diluted earnings per share	$	0.45	$	0.90	$	1.08

(1) Potentially dilutive securities representing 0.4 million and 0.2 million shares of common stock were excluded from the computation of diluted earnings per share for the fiscal years ended October 3, 2020 and September 28, 2019, respectively, as their effect would have been anti-dilutive.