INCOME PER SHARE OF COMMON STOCK

12 Months Ended

Sep. 29, 2018

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

13. INCOME PER SHARE OF COMMON STOCK

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. Our 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 the numerators and denominators of the basic and diluted per share computations for the fiscal years ended September 29, 2018 and September 30, 2017 follows:

	Net Income Attributable to Ark Restaurants Corp. (Numerator)		Weighted-Average Number of Shares (Denominator)		Earnings Per Share Amount
	(In thousands, except per share amounts)
Year ended September 29, 2018
Basic	$	4,655		3,439	$	1.35
Effect of dilutive securities:
Stock options		-		110		(0.04	)
Diluted	$	4,655	$	3,549	$	1.31
Year ended September 30, 2017
Basic	$	4,039		3,424	$	1.18
Effect of dilutive securities:
Stock options		-		107		(0.04	)
Diluted	$	4,039		3,531	$	1.14