Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 12 Months Ended
Sep. 29, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

15. Earnings per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share (EPS) computations:

 

                                                                         
    Fiscal Year Ended
September 29, 2012		     Fiscal Year Ended
September 24, 2011		     Fiscal Year Ended
September 25, 2010		  
    Net
Income		     Shares     Per
Share		     Net
Income		     Shares     Per
Share		     Net
Income		     Shares     Per
Share		  
    (in thousands, except per share amounts)  

Basic EPS:

                                                                        

Net income available to common shareholders

   $ 21,173       47,622     $ 0.44     $ 28,323       56,217     $ 0.50     $ 45,833       64,272     $ 0.71  

Effect of dilutive securities:

                                                                        

Options to purchase common stock

             497       0               274       0               680       (0.01 ) 

Restricted shares

             255       0               154       0               139       0  

Diluted EPS:

                                                                        

Net income available to common shareholders

   $ 21,173       48,374     $ 0.44     $ 28,323       56,645     $ 0.50     $ 45,833       65,091     $ 0.70  

Options to purchase 11.6 million shares of common stock and Class A common stock at prices ranging from $4.60 to $16.23 per share were outstanding at September 29, 2012. Of these shares, 6.1 million 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 of including these options would be anti-dilutive. Options to purchase 12.1 million shares of common stock and Class A common stock at prices ranging from $4.60 to $17.99 per share were outstanding at September 24, 2011. Of these shares, 8.4 million 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 of including these options would be anti-dilutive. Options to purchase 11.1 million shares of common stock and Class A common stock at prices ranging from $4.60 to $17.99 per share were outstanding at September 25, 2010. Of these shares, 5.7 million 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 of including these options would be anti-dilutive.