Note 11 - Earnings Per Share

9 Months Ended

Jul. 02, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

(11) Earnings Per Share

The computation of basic and diluted earnings per share attributable to common shareholders is as follows:

	Three Months Ended				Nine Months Ended
	July 2,		July 3,		July 2,		July 3,
(In thousands, except per share amounts)	2022		2021		2022		2021
Net earnings	$	38,559	$	18,395	$	100,705	$	41,458
Basic weighted average shares outstanding		19,537		19,352		19,503		19,330
Dilutive effect of stock-based compensation		120		221		126		178
Diluted weighted average shares outstanding		19,657		19,573		19,629		19,508
Net earnings per share:
Basic	$	1.97	$	0.95	$	5.16	$	2.14
Diluted	$	1.96	$	0.94	$	5.13	$	2.13

Options that were antidilutive and not included in the dilutive earnings per share calculation amounted to 14,000 and 83,000 shares for the three-month periods ended July 2, 2022 and July 3, 2021, respectively, and 46,000 and 151,000 shares for the nine-month periods ended July 2, 2022 and July 3, 2021, respectively.