Net Income Per Common Share

3 Months Ended

Dec. 27, 2022

Net (Loss) Income per Common Share [Abstract]

Net Income per Common Share

Note 10. Net 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
	December 27, 2022		December 28, 2021
Weighted-average shares outstanding basic		12,041,628		12,522,471
Effect of potentially dilutive securities:
Stock options		-		116,172
Restricted stock units		-		46,336
Weighted-average shares outstanding diluted		12,041,628		12,684,979
Excluded from diluted weighted-average shares outstanding:
Antidilutive		527,658		153,118