Note 8 - Earnings Per Share of Common Stock

6 Months Ended

Apr. 02, 2016

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
	April 2, 2016		March 28, 2015		April 2, 2016		March 28, 2015
Numerator for basic and diluted earnings per share:
Net income	$	757,749	$	773,438	$	1,900,501	$	1,743,763
Denominator:
Denominator for basic earnings per share:
Weighted average shares		2,728,633		2,979,097		2,727,380		2,969,895
Effect of dilutive securities:
Employee stock options		26,476		26,854		26,110		30,982
Denominator for diluted earnings per share:
Adjusted weighted average shares and assumed conversions		2,755,109		3,005,951		2,753,490		3,000,877
Net income per share of common stock:
Basic	$	0.28	$	0.26	$	0.70	$	0.59
Diluted	$	0.28	$	0.26	$	0.69	$	0.58