Note 10 - Earnings Per Share

9 Months Ended

Jun. 27, 2015

(

)

Earnings

Per Share

The computations of basic and diluted earnings per share attributable to common shareholders for the three- and nine-month periods ended June 27, 2015 and June 28, 2014 are as follows:

	Three Months Ended				Nine Months Ended
	June 27,		June 28,		June 27,		June 28,
(In thousands except per share amounts)	2015		2014		2015		2014
Net earnings available to common shareholders	$	5,392	$	5,797	$	12,086	$	12,066

Basic weighted average shares outstanding		18,438		18,267		18,407		18,230
Dilutive effect of stock-based compensation		390		416		416		406
Diluted weighted average shares outstanding		18,828		18,683		18,823		18,636

Net earnings per share:
Basic	$	0.29	$	0.32	$	0.66	$	0.66
Diluted	$	0.29	$	0.31	$	0.64	$	0.65

Options representing 88,000 and 105,000 shares for the three-month periods ended June 27, 2015 and June 28, 2014, respectively, were antidilutive and not included in the diluted earnings per share calculation. Options representing 67,000 and 125,000 shares for the nine-month periods ended June 27, 2015 and June 28, 2014, respectively, were antidilutive and were not included in the diluted earnings per share calculation.