INCOME PER SHARE OF COMMON STOCK

12 Months Ended

Sep. 28, 2024

Basic earnings per share is computed by dividing net income attributable to Ark Restaurants Corp. by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed similarly to basic earnings per share, except that it reflects the effect of common shares issuable upon exercise of stock options, using the treasury stock method in periods in which they have a dilutive effect.

A reconciliation of shares used in calculating earnings per basic and diluted share follows:


	Year Ended
	September 28, 2024	September 30, 2023
	(in thousands)
Basic	3,604	3,601
Effect of dilutive securities:
Stock options	—	—
Diluted	3,604	3,601

For the year ended September 28, 2024, the dilutive effect of options to purchase 328,250 shares of common stock at exercise prices ranging from $10.65 per share to $22.30 per share were not included in diluted earnings per share as their impact would have been anti-dilutive.

For the year ended September 30, 2023, the dilutive effect of options to purchase 471,250 shares of common stock at exercise prices ranging from $10.65 per share to $22.50 per share were not included in diluted earnings per share as their impact would have been anti-dilutive.