Note 10 - Earnings (Loss) Per Common Share

3 Months Ended

Dec. 26, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 10.         Earnings (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
	December 26, 2023		December 27, 2022
Weighted-average shares outstanding basic		11,377,579		12,041,628
Effect of potentially dilutive securities:
Stock options		-		-
Restricted stock units		-		-
Weighted-average shares outstanding diluted		11,377,579		12,041,628
Excluded from diluted weighted-average shares outstanding:
Antidilutive		435,900		527,658