INCOME PER SHARE OF COMMON STOCK

12 Months Ended

Sep. 29, 2012

Earnings Per Share [Text Block]

14.	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 September 29, 2012 and October 1, 2011 follows:

	Net Income (Loss) Attributable to Ark Restaurants Corp. (Numerator)			Shares (Denominator)		Per Share Amount
	(In thousands, except per share amounts)
Year ended September 29, 2012
From continuing operations:
Basic EPS	$	5,748			3,292	$	1.75
Stock options		-			35		(0.02	)
Diluted EPS	$	5,748			3,327	$	1.73
From discontinued operations:
Basic EPS	$	(259	)		3,292	$	(0.08	)
Stock options		-			35		-
Diluted EPS	$	(259	)		3,327	$	(0.08	)
From net income:
Basic EPS	$	5,489			3,292	$	1.67
Stock options		-			35		(0.02	)
Diluted EPS	$	5,489			3,327	$	1.65
Year ended October 1, 2011
From continuing operations:
Basic EPS	$	2,695			3,494	$	0.77
Stock options		-			31		(0.01	)
Diluted EPS	$	2,695			3,525	$	0.76
From discontinued operations:
Basic EPS	$	(1,280	)		3,494	$	(0.36	)
Stock options		-			31		-
Diluted EPS	$	(1,280	)		3,525	$	(0.36	)
From net income:
Basic EPS	$	1,415			3,494	$	0.41
Stock options		-			31		(0.01	)
Diluted EPS	$	1,415			3,525	$	0.40

For the year ended September 29, 2012, options to purchase 166,100 shares of common stock at a price of $12.04 and options to purchase 251,500 shares of common stock at a price of $14.40 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 anti-dilutive.

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 anti-dilutive.