Net Income per Common Share

3 Months Ended

Dec. 28, 2021

Note 8.Net Income per Common Share

Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive securities for this calculation consist of in-the-money outstanding stock options, restricted stock units and warrants (which were assumed to have been exercised at the average market price of the common shares during the reporting period). The treasury stock method is used to measure the dilutive impact of in-the-money stock options.

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding:

	Quarter Ended
	December 28, 2021		December 29, 2020

Weighted-average shares outstanding basic		12,522,471		12,622,178
Effect of potentially dilutive securities:
Stock options		116,172		1,048
Restricted stock units		46,336		75,058
Weighted-average shares outstanding diluted		12,684,979		12,698,284
Excluded from diluted weighted-average shares outstanding:
Antidilutive		153,118		684,114