Note 4

6 Months Ended

Mar. 25, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

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 25,2017
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	15,987		18,711	$	0.85
Effect of Dilutive Securities
Options		-		110		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	15,987		18,821	$	0.85

2,500

anti-dilutive share have been excluded in the computation of EPS for

the

three

months ended

March

25,

2017.

	Six Months Ended March 25, 2017
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	29,527		18,698	$	1.58
Effect of Dilutive Securities
Options		-		106		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	29,527		18,804	$	1.57

158,494

anti-dilutive share have been excluded in the computation of EPS for the

six

months ended

March

25,

2017.

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