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Note 8 - Earnings Per Share of Common Stock
 3 Months Ended
Dec. 31, 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
  
   
December 31,
    
January 2,
  
   
2016
    
2016
  
Numerator for basic and diluted earnings per share:
                
Net income
   $
962,892
    $
1,142,752
 
                 
Denominator:
                
Denominator for basic earnings per share:
                
Weighted average shares
    
2,755,625
     
2,726,127
 
Effect of dilutive securities:
                
Employee stock options
    
14,921
     
25,743
 
Denominator for diluted earnings per share:
                
Adjusted weighted average shares
and assumed conversions
    
2,770,546
     
2,751,870
 
                 
Net income per share:
                
Basic
   $
0.35
    $
0.42
 
Diluted
   $
0.35
    $
0.42