Note 10 - Earnings Per Share

6 Months Ended

Apr. 01, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

(

10

)

Earnings

Per Share

The computation of basic and diluted earnings per share attributable to common shareholders is as follows:

	Three Months Ended				Six Months Ended
	April 1,		April 2,		April 1,		April 2,
(In thousands, except per share amounts)	2017		2016		2017		2016
Net earnings available to common shareholders	$	7,420	$	7,152	$	11,880	$	13,860
Basic weighted average shares outstanding		19,004		18,678		18,992		18,601
Dilutive effect of stock-based compensation		220		337		225		348
Diluted weighted average shares outstanding		19,224		19,015		19,217		18,949
Net earnings per share:
Basic	$	0.39	$	0.38	$	0.63	$	0.75
Diluted	$	0.39	$	0.38	$	0.62	$	0.73

Options representing

50,000

and

56,000

shares for the

three

-month periods ended

April

1,

2017

and

April

2,

2016,

respectively, were antidilutive and not included in the diluted earnings per share calculation. Options representing

46,000

and

71,000

shares for the

six

-month periods ended

April

1,

2017

and

April

2,

2016,

respectively, were antidilutive and not included in the diluted earnings per share calculation.