Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 9 Months Ended
Jun. 23, 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
June 23, 2012		     Nine Months Ended
June 23, 2012		  
    Income     Shares     Per Share     Income     Shares     Per Share  
    (in thousands, except per share amounts)  

Basic EPS:

                                                

Net income available to common shareholders

   $ 22,699       47,661     $ 0.48     $ 31,232       47,580     $ 0.66  

Effect of dilutive securities:

                                                

Options to purchase common stock

     0       476       (0.01 )      0       455       (0.01 ) 

Restricted shares

     0       251       0       0       218       0  

Diluted EPS:

                                                
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders

   $  22,699       48,388     $ 0.47     $  31,232       48,253     $ 0.65  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                 
    Three Months Ended
June 25, 2011		     Nine Months Ended
June 25, 2011		  
    Income     Shares     Per Share     Income (Loss)     Shares     Per Share  
    (in thousands, except per share amounts)  

Basic EPS:

                                                

Net income available to common shareholders

   $ 17,081       54,020     $ 0.32     $ 39,255       57,635     $ 0.68  

Effect of dilutive securities:

                                                

Options to purchase common stock

     0       300       (0.01 )      0       329       0  

Restricted shares

     0       178       0       0       151       0  

Diluted EPS:

                                                
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders

   $ 17,081       54,498     $ 0.31     $ 39,255       58,115     $ 0.68  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Options to purchase 12.8 million shares of common stock at prices ranging from $4.60 to $17.99 per share were outstanding at June 23, 2012 and options to purchase 12.6 million shares of common stock at prices ranging from $4.26 to $17.99 per share were outstanding at June 25, 2011.

For the three month periods ended June 23, 2012 and June 25, 2011, options to purchase 10.8 million and 9.4 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 nine month period ended June 23, 2012 and June 25, 2011, options to purchase 9.9 million and 8.0 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.