Note 8 - Earnings Per Share of Common Stock

6 Months Ended

Mar. 28, 2015

Notes to Financial Statements

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				Six Months Ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
Numerator for basic and diluted earnings per share:
Net income	$	773,438	$	890,681	$	1,743,763	$	1,556,811
Denominator:
Denominator for basic earnings per share:
Weighted average shares		2,979,097		2,945,416		2,969,895		2,936,416
Effect of dilutive securities:
Employee stock options		26,854		45,990		30,982		47,908
Denominator for diluted earnings per share:
Adjusted weighted average shares and assumed conversions		3,005,951		2,991,406		3,000,877		2,984,324
Net income per share of common stock:
Basic	$	0.26	$	0.30	$	0.59	$	0.53
Diluted	$	0.26	$	0.30	$	0.58	$	0.52