Note 15 - Earnings Per Share of Common Stock

12 Months Ended

Oct. 01, 2011

Earnings Per Share [Text Block]

15.  EARNINGS PER SHARE OF COMMON STOCK

The following table sets forth the computation of basic and diluted earnings per share of common stock.

	2011		2010		2009
Numerator for basic and diluted
earnings per share:
Income from continuing operations	$	3,699,066	$	4,506,215	$	4,704,653
Loss from discontinued operations,
net of income taxes		-		-		(20,622	)
Net income	$	3,699,066	$	4,506,215	$	4,684,031
Denominator:
Denominator for basic earnings per share:
Weighted average shares		2,777,820		2,737,790		2,730,426
Effect of dilutive securities:
Employee stock options		61,472		103,343		73,199
Denominator for diluted earnings per share:
Adjusted weighted average shares
and assumed conversions		2,839,292		2,841,133		2,803,625
Income from continuing operations per share:
Basic	$	1.33	$	1.65	$	1.72
Diluted	$	1.30	$	1.59	$	1.68
Loss from discontinued operations per share:
Basic		n/a		n/a	$	(0.01	)
Diluted		n/a		n/a		n/a
Net income per share:
Basic	$	1.33	$	1.65	$	1.72
Diluted	$	1.30	$	1.59	$	1.67