(Loss) Earnings Per Common Share

6 Months Ended

Apr. 01, 2025

(Loss) Earnings Per Common Share [Abstract]

(Loss) Earnings per Common Share

Note 9. (Loss) Earnings per Common Share

Our basic (loss) 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. As the Company was in a net loss position for both the quarter to date and year to date periods ended April 1, 2025, all potentially dilutive common shares are considered antidilutive.

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

	Quarter Ended				Year-to-Date
	April 1, 2025		March 26, 2024		April 1, 2025		March 26, 2024
Weighted-average shares outstanding basic		10,628,318		11,136,207		10,656,481		11,256,893
Effect of potentially dilutive securities:
Stock options		-		5,260		-		6,449
Restricted stock units		-		89,250		-		89,250
Weighted-average shares outstanding diluted		10,628,318		11,230,717		10,656,481		11,352,592
Excluded from diluted weighted average shares outstanding:
Antidilutive		482,749		383,623		449,233		383,623