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Note 8 - Earnings Per Share of Common Stock
3 Months Ended
Dec. 28, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

8. EARNINGS PER SHARE OF COMMON STOCK


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


   

Three Months Ended

 
   

December 28,

2013

   

December 29,

2012

 

Numerator for basic and diluted earnings per share:

               

Net income

  $ 666,129     $ 1,363,709  
                 

Denominator:

               

Denominator for basic earnings per share:

               

Weighted average shares

    2,927,416       2,921,162  

Effect of dilutive securities:

               

Employee stock options and restricted stock

    49,825       59,030  

Denominator for diluted earnings per share:

               

Adjusted weighted average shares and assumed conversions

    2,977,241       2,980,192  
                 

Net income per share of common stock:

               

Basic

  $ 0.23     $ 0.47  

Diluted

  $ 0.22     $ 0.46