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EXCEL - IDEA: XBRL DOCUMENT - MORGANS FOODS INCFinancial_Report.xls
10-Q - FORM 10-Q - MORGANS FOODS INCmrfd_10q-110412.htm
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EX-10.1 - EXHIBIT 10.1 - MORGANS FOODS INCex10-1.htm
EX-31.2 - EXHIBIT 31.2 - MORGANS FOODS INCex31-2.htm
EX-31.1 - EXHIBIT 31.1 - MORGANS FOODS INCex31-1.htm
EX-32.2 - EXHIBIT 32.2 - MORGANS FOODS INCex32-2.htm
EX-32.1 - EXHIBIT 32.1 - MORGANS FOODS INCex32-1.htm
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v2.4.0.6
Note 3 - Net Income (Loss) Per Common Share
9 Months Ended
Nov. 04, 2012
Earnings Per Share [Text Block]
NOTE 3 – NET INCOME (LOSS) PER COMMON SHARE

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period.  Diluted net income per common share is based on the combined weighted average number of shares outstanding, which includes the assumed exercise, or conversion of options.  In computing diluted net income per common share, the Company has utilized the treasury stock method.  The following table reconciles the difference between basic and diluted earnings per common share:

 
 
Quarter ended November 4, 2012
   
Quarter ended November 6, 2011
 
 
 
Net income
(Numerator)
   
Shares
(Denominator)
   
Per Share
Amount
   
Net income
(Numerator)
   
Shares
(Denominator)
   
Per Share
Amount
 
Basic EPS
 
 
   
 
   
 
   
 
   
 
   
 
 
Income (loss) available to common shareholders
  $ 125,000       2,934,995     $ 0.04     $ (93,000 )     2,934,995     $ (0.03 )
Effect of Dilutive Securities
                                               
Weighted Average Stock Options
    -       49,699               -       -          
Diluted EPS
                                               
Income (loss) available to common shareholders
  $ 125,000       2,984,694     $ 0.04     $ (93,000 )     2,934,995     $ (0.03 )

 
 
Thirty-six weeks ended November 4, 2012
   
Thirty-six weeks ended November 6, 2011
 
 
 
Net income
(Numerator)
   
Shares
(Denominator)
   
Per Share
Amount
   
Net income
(Numerator)
   
Shares
(Denominator)
   
Per Share
Amount
 
Basic EPS
 
 
   
 
   
 
   
 
   
 
   
 
 
Income (loss) available to common shareholders
  $ 370,000       2,934,995     $ 0.13     $ (567,000 )     2,934,995     $ (0.19 )
Effect of Dilutive Securities
                                               
Weighted Average Stock Options
    -       18,299               -       -          
Diluted EPS
                                               
Income (loss) available to common shareholders
  $ 370,000       2,953,294     $ 0.13     $ (567,000 )     2,934,995     $ (0.19 )