Note 9 - Earnings Per Share of Common Stock

9 Months Ended

Jun. 27, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

9

. 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				Nine Months Ended
	June 27,		June 28,		June 27,		June 28,
	2015		2014		2015		2014
Numerator for basic and diluted earnings per share:
Net income	$	962,535	$	378,053	$	2,706,298	$	1,934,864
Denominator:
Denominator for basic earnings per share:
Weighted average shares		2,991,192		2,961,128		2,976,994		2,944,653
Effect of dilutive securities:
Employee stock options		26,344		43,598		29,436		46,471
Denominator for diluted earnings per share:
Adjusted weighted average shares and assumed conversions		3,017,536		3,004,726		3,006,430		2,991,124
Net income per share of common stock:
Basic	$	0.32	$	0.13	$	0.91	$	0.66
Diluted	$	0.32	$	0.13	$	0.90	$	0.65