INCOME PER SHARE OF COMMON STOCK

9 Months Ended

Jul. 02, 2022

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. Our 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 (amounts in thousands):


	13 Weeks Ended		39 Weeks Ended
	July 2, 2022	July 3, 2021	July 2, 2022	July 3, 2021
Basic	3,555	3,522	3,553	3,512
Effect of dilutive securities:
Stock options	42	126	46	90
Diluted	3,597	3,648	3,599	3,602

For the 13- and 39-week periods ended July 2, 2022, the dilutive effect of 422,000 options was not included in diluted earnings per share as their impact would be anti-dilutive.

For the 13- and 39-week periods ended July 3, 2021, the dilutive effect of 443,500 options was not included in diluted earnings per share as their impact would have been anti-dilutive.