Net Income (Loss) per Common Share

9 Months Ended

Jun. 25, 2019

Earnings Per Share [Abstract]

Net Income (Loss) per Common Share

Note 7. Net Income (Loss) per Common Share

Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive securities for this calculation consist of in-the-money outstanding stock options, restricted stock units and warrants (which were assumed to have been exercised at the average market price of the common shares during the reporting period). The treasury stock method is used to measure the dilutive impact of in-the-money stock options.

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding:

	Quarter Ended				Year-to-Date
	June 25, 2019		June 26, 2018		June 26, 2019		June 26, 2018
Weighted-average shares outstanding-basic		12,522,778		12,468,326		12,516,822		12,460,467
Effect of potentially dilutive securities:
Stock options		15,101		102,506		0		0
Restricted stock units		185,444		94,340		0		0
Weighted-average shares outstanding-diluted		12,723,323		12,665,172		12,516,822		12,460,467
Excluded from diluted weighted-average shares outstanding:
Antidilutive		654,468		272,348		891,172		747,796