Note 10 - Earnings Per Share

9 Months Ended

Jul. 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				Nine Months Ended
	July 1,		July 2,		July 1,		July 2,
(In thousands, except per share amounts)	2017		2016		2017		2016
Net earnings available to common shareholders	$	6,869	$	13,531	$	18,749	$	27,391
Basic weighted average shares outstanding		19,025		18,867		19,003		18,690
Dilutive effect of stock-based compensation		200		268		216		321
Diluted weighted average shares outstanding		19,225		19,135		19,219		19,011
Net earnings per share:
Basic	$	0.36	$	0.72	$	0.99	$	1.47
Diluted	$	0.36	$	0.71	$	0.98	$	1.44

Options representing

78,000

and

19,000

shares for the

three

-month periods ended

July 1, 2017

and

July 2, 2016,

respectively, were antidilutive and

not

included in the diluted earnings per share calculation. Options representing

57,000

and

54,000

shares for the

nine

-month periods ended

July 1, 2017

and

July 2, 2016,

respectively, were antidilutive and

not

included in the diluted earnings per share calculation.