Note 10 - Earnings (Loss) Per Share

9 Months Ended

Jun. 30, 2012

Earnings Per Share [Text Block]

(10) Earnings (Loss) Per Share

The computations of basic and diluted earnings (loss) per share attributable to common shareholders for the three- and nine-month periods ended June 30, 2012 and July 2, 2011 are as follows:

	Three Months Ended					Nine Months Ended
(In thousands except per share amounts)	June 30, 2012		July 2, 2011			June 30, 2012		July 2, 2011
Net earnings (loss)	$	894	$	3,650		$	976	$	(1,359	)
Less allocation to participating securities		-		(6	)		-		-
Available to Insteel common shareholders	$	894	$	3,644		$	976	$	(1,359	)
Basic weighted average shares outstanding		17,690		17,587			17,650		17,550
Dilutive effect of stock-based compensation		303		268			339		-
Diluted weighted average shares outstanding		17,993		17,855			17,989		17,550
Per share basic:
Net earnings (loss)	$	0.05	$	0.21		$	0.06	$	(0.08	)
Per share diluted:
Net earnings (loss)	$	0.05	$	0.20		$	0.05	$	(0.08	)

Options and RSUs representing 637,000 and 348,000 shares for the three-month periods ended June 30, 2012 and July 2, 2011, respectively, were antidilutive and were not included in the diluted earnings per share calculation. Options and RSUs representing 533,000 and 496,000 shares for the nine-month periods ended June 30, 2012 and July 2, 2011, respectively, were antidilutive and were not included in the diluted earnings per share calculation. Options, RSAs and RSUs representing 236,000 shares for the nine-month period ended July 2, 2011 were not included in the diluted earnings per share calculation due to the net loss that was incurred.