INCOME PER SHARE OF COMMON STOCK

12 Months Ended

Sep. 28, 2019

Earnings Per Share [Abstract]

INCOME PER SHARE OF COMMON STOCK

INCOME PER SHARE OF COMMON STOCK

Basic earnings per share is computed by dividing net income attributable to Ark Restaurants Corp. by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed similarly to basic earnings per share, except that it reflects the effect of common shares issuable upon exercise of stock options, using the treasury stock method in periods in which they have a dilutive effect.

A reconciliation of shares used in calculating earnings per basic and diluted share follows:

	Year Ended
	September 28, 2019		September 29, 2018
	(in thousands)
Basic	$	3,479	$	3,439
Effect of dilutive securities:
Stock options	52		110
Diluted	$	3,531	$	3,549

For the year ended September 28, 2019, the dilutive effect of options to purchase 208,000 shares of common stock at exercise prices ranging from $20.18 per share to $22.50 per share were not included in diluted earnings per share as their impact would have been anti-dilutive.

For the year ended September 29, 2018, no options were excluded from diluted earnings per share as all were dilutive.