Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 6 Months Ended
Mar. 24, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

9. Earnings Per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted per share computations for income from continuing operations.

 

     Three Months Ended
March 24, 2012		     Six Months Ended
March 24, 2012		  
     Income      Shares      Per
Share		     Income      Shares      Per
Share		  
     (in thousands, except per share amounts)  

Basic EPS:

                 

Net income available to common shareholders

    $ 21,623         47,343       $ 0.46      $ 8,533         47,576       $ 0.18   

Effect of dilutive securities:

                 

Options to purchase common stock

         463         (0.01 )         408         0   

Restricted shares

         230         0           207         0   

Diluted EPS:

                 
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Net income available to common shareholders

    $ 21,623         48,036       $ 0.45      $ 8,533         48,191       $ 0.18   
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

 

     Three Months Ended
March 26, 2011		     Six Months Ended
March 26, 2011		  
     Income      Shares      Per
Share		     Income      Shares      Per
Share		  
     (in thousands, except per share amounts)  

Basic EPS:

                 

Net income available to common shareholders

    $ 31,766         57,955       $ 0.55      $ 22,174         59,447       $ 0.37   

Effect of dilutive securities:

                 

Options to purchase common stock

         346         (0.01 )         378         0   

Restricted shares

         132         0           136         0   

Diluted EPS:

                 
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Net income available to common shareholders

    $ 31,766         58,433       $ 0.54      $ 22,174         59,961       $ 0.37   
  

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Options to purchase 11.5 million shares of common stock at prices ranging from $4.60 to $17.99 per share were outstanding at March 24, 2012 and options to purchase 10.4 million shares of common stock at prices ranging from $4.60 to $17.99 per share were outstanding at March 26, 2011.

For the three month periods ended March 24, 2012 and March 26, 2011, options to purchase 9.2 and 7.3 million shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect would be anti-dilutive.

For the six month period ended March 24, 2012 and March 26, 2011, options to purchase 9.7 and 7.3 million shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect would be anti-dilutive.