Earnings per Common Share

9 Months Ended

Jun. 25, 2024

Earnings per Common Share [Abstract]

Earnings per Common Share

Note 9.     Earnings 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 (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				Year-to-Date
	June 25, 2024		June 27, 2023		June 25, 2024		June 27, 2023
Weighted-average shares outstanding basic		10,933,758		11,700,044		11,149,181		11,853,441
Effect of potentially dilutive securities:
Stock options		11,479		19,242		7,922		7,050
Restricted stock units		89,250		50,000		89,250		50,000
Weighted-average shares outstanding diluted		11,034,487		11,769,286		11,246,353		11,910,491
Excluded from diluted weighted average shares outstanding:
Antidilutive		345,623		345,691		345,623		354,024