Note 10 - Earnings Per Share

6 Months Ended

Apr. 02, 2016

(

)

Earnings

Per Share

The computations of basic and diluted earnings per share attributable to common shareholders for the three- and six-month periods ended April 2, 2016 and March 28, 2015 are as follows:

	Three Months Ended				Six Months Ended
(In thousands, except per share amounts)	April 2, 2016		March 28, 2015		April 2, 2016		March 28, 2015
Net earnings available to common shareholders	$	7,152	$	2,544	$	13,860	$	6,694

Basic weighted average shares outstanding		18,678		18,404		18,601		18,391
Dilutive effect of stock-based compensation		337		418		348		430
Diluted weighted average shares outstanding		19,015		18,822		18,949		18,821

Net earnings per share:
Basic	$	0.38	$	0.14	$	0.75	$	0.36
Diluted	$	0.38	$	0.14	$	0.73	$	0.36

Options representing 56,000 and 88,000 shares for the three-month periods ended April 2, 2016 and March 28, 2015, respectively, were antidilutive and not included in the diluted earnings per share calculation. Options representing 71,000 and 56,000 shares for the six-month periods ended April 2, 2016 and March 28, 2015, respectively, were antidilutive and not included in the diluted earnings per share calculation.