Calculation of earnings per share and weighted average shares outstanding (Tables)

6 Months Ended

Apr. 04, 2015

Calculation of earnings per share and weighted average shares outstanding [Abstract]

Basic and fully diluted earnings per share

Basic and diluted net income per common share for the three and six month periods ended April 4, 2015 and March 29, 2014 were calculated as follows:

	(in thousands of dollars except per share data)
	Three months ended				Six months ended
	April4, 2015		March29, 2014		April4, 2015		March29, 2014
Numerator:
Net income attributable to common stockholders for computing net income per ordinary share - basic	$	539	$	162	$	710	$	650
Dividend eliminated upon assumed conversion of convertible preference shares		114		-		225		-
Net income attributable to common stockholders for computing net income per ordinary share - diluted	$	653	$	162	$	935	$	650
Denominator:
Weighted average shares used in calculating net income per ordinary share - basic		3,466		3,401		3,446		3,388
Adjustment for assumed conversion of convertible preference shares		1,382		-		1,382		-
Adjustment for shares issuable upon vesting of restricted stock		64		90		75		64
Weighted average shares used in calculating net income per ordinary share - diluted		4,912		3,491		4,903		3,452
Net income per ordinary share - basic	$	0.16	$	0.05	$	0.21	$	0.19
Net income per ordinary share - diluted	$	0.14	$	0.05	$	0.19	$	0.19
No. of shares of convertible preference stock that are anti-dilutive excluded from calculation of common stock equivalents		-		-		-		-