Note 9 - Earnings (Loss) Per Share

3 Months Ended

Dec. 29, 2012

Earnings Per Share [Text Block]

(9) Earnings (Loss) Per Share

The computations of basic and diluted earnings (loss) per share attributable to common shareholders for the three-month periods ended December 29, 2012 and December 31, 2011 are as follows:

	Three Months Ended
	December 29,		December 31,
(In thousands except per share amounts)	2012		2011
Net earnings (loss) available to common shareholders	$	2,402	$	(180	)
Basic weighted average shares outstanding		17,724		17,610
Dilutive effect of stock-based compensation		364		-
Diluted weighted average shares outstanding		18,088		17,610
Per share basic:
Net earnings (loss)	$	0.14	$	(0.01	)
Per share diluted:
Net earnings (loss)	$	0.13	$	(0.01	)

Options representing 419,000 and 810,000 shares for the three-month periods ended December 29, 2012 and December 31, 2011, respectively, were antidilutive and were not included in the diluted earnings per share calculation. Options and RSUs representing 170,000 shares for the three-month period ended December 31, 2011 were not included in the diluted earnings per share calculation due to the net loss that was incurred.