Net Income (Loss) per Common Share

9 Months Ended

Jun. 29, 2021

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 29, 2021		June 30, 2020		June 29, 2021		June 30, 2020

Weighted-average shares outstanding basic		12,787,390		12,591,079		12,689,587		12,593,137
Effect of potentially dilutive securities:
Stock options		225,471		-		40,553		-
Restricted stock units		63,774		104,949		63,774		-
Weighted-average shares outstanding diluted		13,076,635		12,696,028		12,793,915		12,593,137
Excluded from diluted weighted-average shares outstanding:
Antidilutive		289,611		632,976		474,528		737,925