Note 10 - Earnings Per Share

9 Months Ended

Jul. 01, 2023

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)	2023		2022		2023		2022
Net earnings	$	10,565	$	38,559	$	26,789	$	100,705
Basic weighted average shares outstanding		19,488		19,537		19,506		19,503
Dilutive effect of stock-based compensation		60		120		59		126
Diluted weighted average shares outstanding		19,548		19,657		19,565		19,629
Net earnings per share:
Basic	$	0.54	$	1.97	$	1.37	$	5.16
Diluted	$	0.54	$	1.96	$	1.37	$	5.13

Options and RSUs that were antidilutive and not included in the dilutive earnings per share calculation amounted to 65,000 and 14,000 shares for the three-month periods ended July 1, 2023, and July 2, 2022, respectively, and 76,000 and 46,000 shares for the nine-month periods ended July 1, 2023, and July 2, 2022, respectively.