Net (Loss) Income Per Common Share

9 Months Ended

Jun. 28, 2022

Net (Loss) Income per Common Share [Abstract]

Net (Loss) Income per Common Share

Note 10.  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
	June 28 2022		June 29, 2021		June 28, 2022		June 29, 2021
Weighted-average shares outstanding basic		12,457,251		12,787,390		12,502,449		12,689,587
Effect of potentially dilutive securities:
Stock options		29,071		225,471		-		40,553
Restricted stock units		74,336		63,774		-		63,774
Weighted-average shares outstanding diluted		12,560,658		13,076,635		12,502,449		12,793,915
Excluded from diluted weighted average shares outstanding:
Antidilutive		387,378		289,611		249,752		474,528