Note 10 - Earnings (Loss) Per Share (Tables)

9 Months Ended

Jun. 30, 2012

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	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	)