Earnings Per Share

9 Months Ended

Jun. 25, 2011

NOTE 4. Earnings Per Share

Basic and diluted earnings per share were calculated as follows (unaudited):


	June 25, 2011				June 26, 2010
	3 months		9 months		3 months		9 months

Net income	$	1,000,320	$	2,014,009	$	2,423,285	$	4,691,848


Weighted average shares outstanding — basic		1,826,571		1,826,226		1,820,438		1,633,401
Dilutive effect of stock options		42,037		51,025		54,522		92,699

Weighted average shares outstanding- diluted		1,868,608		1,877,251		1,874,960		1,726,070


Basic net income per share	$	0.55	$	1.10	$	1.33	$	2.87
Diluted net income per share	$	0.54	$	1.07	$	1.29	$	2.72

Outstanding potentially dilutive stock options, which were not included in the earnings per share calculations because their inclusion would have been anti-dilutive, were 162,665 at June 25, 2011 for the three month period then ended and 148,665 for the nine month period then ended. There were no anti-dilutive stock options as of June 26, 2010.