Net (Loss) Income Per Common Share

6 Months Ended

Mar. 29, 2022

Earnings Per Share [Abstract]

Net (Loss) Income per Common Share

Note 8. Net (Loss) Income 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
	March 29, 2022		March 30, 2021		March 29, 2022		March 30, 2021
Weighted-average shares    outstanding basic		12,527,625		12,695,296		12,525,048		12,640,686
Effect of potentially dilutive    securities:
Stock options		-		91,909		-		18,188
Restricted stock units		-		75,058		-		75,058
Weighted-average shares    outstanding diluted		12,527,625		12,826,263		12,525,048		12,733,932
Excluded from diluted weighted    average shares outstanding:
Antidilutive		406,515		557,907		386,101		631,628