Note 11 - Earnings Per Share

6 Months Ended

Apr. 02, 2022

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 2,		April 3,		April 2,		April 3,
(In thousands, except per share amounts)	2022		2021		2022		2021
Net earnings	$	39,017	$	14,920	$	62,146	$	23,063
Basic weighted average shares outstanding		19,492		19,328		19,487		19,319
Dilutive effect of stock-based compensation		131		189		128		157
Diluted weighted average shares outstanding		19,623		19,517		19,615		19,476
Net earnings per share:
Basic	$	2.00	$	0.77	$	3.19	$	1.19
Diluted	$	1.99	$	0.76	$	3.17	$	1.18

Options that were antidilutive and not included in the dilutive earnings per share calculation amounted to 67,000 and 116,000 shares for the three-month periods ended April 2, 2022 and April 3, 2021, respectively, and 62,000 and 185,000 shares for the six-month periods ended April 2, 2022 and April 3, 2021, respectively.