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

9 Months Ended

Jul. 04, 2015

Basic and diluted net income per common share for the three and nine month periods ended July 4, 2015 and June 28, 2014 were calculated as follows:

	(in thousands of dollars except per share data)
	Three months ended				Nine months ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014

Numerator:
Net income attributable to common stockholders for computing net income per ordinary share - basic	$	171	$	222	$	881	$	872
Dividend eliminated upon assumed conversion of convertible preference shares		-		-		335		-
Net income attributable to common stockholders for computing net income per ordinary share - diluted	$	171	$	222	$	1,216	$	872

Denominator:
Weighted average shares used in calculating net income per ordinary share - basic		3,486		3,406		3,459		3,394
Adjustment for assumed conversion of convertible preference shares		-		-		1,374		-
Adjustment for shares issuable upon vesting of restricted stock		91		93		80		74
Weighted average shares used in calculating net income per ordinary share - diluted		3,577		3,499		4,913		3,468
Net income per ordinary share - basic	$	0.04	$	0.07	$	0.25	$	0.26
Net income per ordinary share - diluted	$	0.04	$	0.06	$	0.25	$	0.25
No. of shares of convertible preference stock excluded during the period as such shares and related dividends would have the effect of increasing earnings per share		1,357		-		-		-