Net Income (Loss) per Common Share

9 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Net Income (Loss) per Common Share

Note 8. 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 30, 2020		June 25, 2019		June 30, 2020		June 26, 2019
Weighted-average shares outstanding   basic		12,591,079		12,522,778		12,593,137		12,516,822
Effect of potentially dilutive securities:
Stock options		-		15,101		-		-
Restricted stock units		104,949		185,444		-		-
Weighted-average shares outstanding   diluted		12,696,028		12,723,323		12,593,137		12,516,822
Excluded from diluted weighted-average   shares outstanding:
Antidilutive		632,976		654,468		737,925		891,172