A power tool includes a table. A shaft is fixedly secured to the table. The power tool also has a support housing supporting a motor and a working tool driven by the motor. The support housing is disposed on the shaft adjacent to the table and is axially movable along the shaft and laterally pivotable about an axis of rotation. In addition, the power tool has a locking mechanism for locking the support housing at a predetermined lateral position, wherein the locking mechanism includes a handle disposed on the shaft. The handle is rotatable in two directions with respect to the shaft, such that rotation of the handle on the shaft urges the support housing into locking contact with the table. A method for operating the power tool is also disclosed herein.