Note 11 - Earnings Per Share

6 Months Ended

Apr. 03, 2021

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				Six Months Ended
	April 3,		March 28,		April 3,		March 28,
(In thousands, except per share amounts)	2021		2020		2021		2020
Net earnings	$	14,920	$	4,364	$	23,063	$	4,919
Basic weighted average shares outstanding		19,328		19,272		19,319		19,266
Dilutive effect of stock-based compensation		189		114		157		112
Diluted weighted average shares outstanding		19,517		19,386		19,476		19,378
Net earnings per share:
Basic	$	0.77	$	0.23	$	1.19	$	0.26
Diluted	$	0.76	$	0.23	$	1.18	$	0.25

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation amounted to 116,000 and 363,000 shares for the three-month periods ended April 3, 2021 and March 28, 2020, respectively, and 185,000 and 328,000 shares for the six-month periods ended April 3, 2021 and March 28, 2020, respectively.