Basic earnings per share is computed by dividing net income (loss) attributable to Ark Restaurants Corp. by the weighted average number of common shares outstanding for the period. Our diluted earnings per share is computed similarly to basic earnings per share, except that it reflects the effect of common shares issuable upon exercise of stock options, using the treasury stock method in periods in which they have a dilutive effect.

A reconciliation of shares used in calculating earnings per basic and diluted share follows (amounts in thousands):


	13 Weeks Ended		39 Weeks Ended
	June 27, 2026	June 28, 2025	June 27, 2026	June 28, 2025
Basic	3,606	3,605	3,606	3,605
Effect of dilutive securities:
Stock options	—	—	—	—
Diluted	3,606	3,605	3,606	3,605

For the 13- and 39-week periods ended June 27, 2026, the dilutive effect of 369,500 options was not included in diluted earnings per share as their impact would be anti-dilutive.

For the 13- and 39-week periods ended June 28, 2025, the dilutive effect of 396,750 options was not included in diluted earnings per share as their impact would have been anti-dilutive.