Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.6.0.2
Earnings Per Share
 3 Months Ended
Dec. 24, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
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
 
Three Months Ended
 
 
December 24, 2016
 
December 26, 2015
 
 
Income
 
Shares
 
Per Share
 
Income
 
Shares
 
Per Share
Basic EPS:
 
 
 
 
 
 
 

 

 

     Net income available to common shareholders
 
$
7,637

 
49,665

 
$
0.15

 
$
(8,602
)
 
48,566

 
$
(0.18
)
Effect of dilutive securities:
 
 
 
 
 
 
 

 

 

     Options to purchase common stock
 

 
1,356

 
—

 

 
—

 
—

     Restricted shares
 

 
789

 
—

 

 
—

 
—

Diluted EPS:
 

 

 

 

 

 

     Net income available to common shareholders
 
$
7,637

 
51,810

 
$
0.15

 
$
(8,602
)
 
48,566

 
$
(0.18
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Options to purchase 2.9 million shares of common stock at prices ranging from $6.43 to $15.56 per share were outstanding at December 24, 2016, and options to purchase 4.3 million shares of common stock at prices ranging from $6.43 to $15.56 per share were outstanding at December 26, 2015.

For the three months ended December 24, 2016, all options outstanding were included in the computation of diluted earnings per share. For the three months ended December 26, 2015, the potential effects of stock awards were excluded from the diluted earnings per share calculation because their inclusion in a net loss period would be antidilutive to the earnings per share calculation.