Note 11 - Earnings Per Share

9 Months Ended

Jul. 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				Nine Months Ended
	July 3,		June 27,		July 3,		June 27,
(In thousands, except per share amounts)	2021		2020		2021		2020
Net earnings	$	18,395	$	6,664	$	41,458	$	11,583
Basic weighted average shares outstanding		19,352		19,283		19,330		19,272
Dilutive effect of stock-based compensation		221		94		178		106
Diluted weighted average shares outstanding		19,573		19,377		19,508		19,378
Net earnings per share:
Basic	$	0.95	$	0.35	$	2.14	$	0.60
Diluted	$	0.94	$	0.34	$	2.13	$	0.60

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation amounted to 83,000 and 423,000 shares for the three-month periods ended July 3, 2021 and June 27, 2020, respectively, and 151,000 and 360,000 shares for the nine-month periods ended July 3, 2021 and June 27, 2020, respectively.