INCOME PER SHARE OF COMMON STOCK

12 Months Ended

Oct. 01, 2011

Earnings Per Share [Text Block]

15. INCOME PER SHARE OF COMMON STOCK

A reconciliation of the numerators and denominators of the basic and diluted per share computations for the fiscal years ended October 1, 2011 and October 2, 2010 follows:

	Net Income (Loss) Attributable to Ark Restaurants Corp. (Numerator)			Shares (Denominator)		Per-Share Amount
	(In thousands, except per share amounts)
Year ended October 1, 2011
From continuing operations:
Basic EPS	$	1,562			3,494	$	0.45
Stock options		-			31		(0.01	)
Diluted EPS	$	1,562			3,525	$	0.44
From discontinued operations:
Basic EPS	$	(147	)		3,494	$	(0.04	)
Stock options		-			31		-
Diluted EPS	$	(147	)		3,525	$	(0.04	)
From net income:
Basic EPS	$	1,415			3,494	$	0.41
Stock options		-			31		(0.01	)
Diluted EPS	$	1,415			3,525	$	0.40
Year ended October 2, 2010
From continuing operations:
Basic EPS	$	2,605			3,490	$	0.75
Stock options		-			24		(0.01	)
Diluted EPS	$	2,605			3,514	$	0.74
From discontinued operations:
Basic EPS	$	-			3,490	$	-
Stock options		-			24		-
Diluted EPS	$	-			3,514	$	-
From net income:
Basic EPS	$	2,605			3,490	$	0.75
Stock options		-			24		(0.01	)
Diluted EPS	$	2,605			3,514	$	0.74

For the year ended October 1, 2011, options to purchase 166,100 shares of common stock at a price of $12.04 were included in diluted earnings per share. Options to purchase 140,500 shares of common stock at a price of $29.60 and options to purchase 90,000 shares of common stock at a price of $32.15 per share were not included in diluted earnings per share as their impact would be antidilutive.

For the year ended October 2, 2010, options to purchase 176,600 shares of common stock at a price of $12.04 were included in diluted earnings per share. Options to purchase 145,500 shares of common stock at a price of $29.60 and options to purchase 100,000 shares of common stock at a price of $32.15 per share were not included in diluted earnings per share as their impact would be antidilutive.