Note 4

Basic earnings per common share (EPS) excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period. Diluted EPS takes into consideration the potential dilution that could occur if securities (stock options) or other contracts to issue common stock were exercised and converted into common stock. Our calculation of EPS is as follows:

	Three Months Ended March 26, 2016
	Income (Numerator)		Shares (Denominator)		Per Share Amount

	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	15,588		18,637	$	0.84

Effect of Dilutive Securities
Options		-		115		(0.01	)

Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	15,588		18,752	$	0.83

180,670 anti-dilutive shares have been excluded in the computation of EPS for the three months ended March 26, 2016.

	Six Months Ended March 26, 2016
	Income (Numerator)		Shares (Denominator)		Per Share Amount

	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	28,566		18,662	$	1.53

Effect of Dilutive Securities
Options		-		134		(0.01	)

Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	28,566		18,796	$	1.52

180,670 anti-dilutive shares have been excluded in the computation of EPS for the six months ended March 26, 2016.

	Three Months Ended March 28,2015
	Income (Numerator)		Shares (Denominator)		Per Share Amount

	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	14,637		18,689	$	0.78

Effect of Dilutive Securities
Options		-		132		-

Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	14,637		18,821	$	0.78

	Six Months Ended March 28, 2015
	Income (Numerator)		Shares (Denominator)		Per Share Amount

	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	25,893		18,679	$	1.39

Effect of Dilutive Securities
Options		-		132		(0.01	)

Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	25,893		18,811	$	1.38