Note 11 - Earnings Per Share

9 Months Ended

Jun. 27, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

(11) 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
	June 27,		June 29,		June 27,		June 29,
(In thousands, except per share amounts)	2020		2019		2020		2019
Net earnings	$	6,664	$	2,190	$	11,583	$	7,365
Basic weighted average shares outstanding		19,283		19,252		19,272		19,239
Dilutive effect of stock-based compensation		94		82		106		97
Diluted weighted average shares outstanding		19,377		19,334		19,378		19,336
Net earnings per share:
Basic	$	0.35	$	0.11	$	0.60	$	0.38
Diluted	$	0.34	$	0.11	$	0.60	$	0.38

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation amounted to 423,000 and 276,000 shares for the three-month periods ended June 27, 2020 and June 29, 2019, respectively, and 360,000 and 221,000 shares for the nine-month periods ended June 27, 2020 and June 29, 2019, respectively.