Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
6 Months Ended
Mar. 29, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
11. 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 29, 2014
     Six Months Ended
March 29, 2014
 
     Income      Shares      Per Share      Income      Shares      Per Share  
     (in thousands, except per share amounts)  

Basic EPS:

                 

Net income available to common shareholders

   $ 20,895         48,688       $ 0.43       $ 8,187         48,523       $ 0.17   

Effect of dilutive securities:

                 

Options to purchase common stock

        23         0.00            50         0.00   

Restricted shares

        405         0.00            390         0.00   

Diluted EPS:

                 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net income available to common shareholders

   $ 20,895         49,116       $ 0.43       $ 8,187         48,963       $ 0.17   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

     Three Months Ended
March 30, 2013
     Six Months Ended
March 30, 2013
 
     Income      Shares      Per Share      Income      Shares      Per Share  
     (in thousands, except per share amounts)  

Basic EPS:

                 

Net income available to common shareholders

   $ 22,196         48,064       $ 0.46       $ 6,927         47,968       $ 0.14   

Effect of dilutive securities:

                 

Options to purchase common stock

        410         0.00            390         0.00   

Restricted shares

        266         0.00            408         0.00   

Diluted EPS:

                 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net income available to common shareholders

   $ 22,196         48,740       $ 0.46       $ 6,927         48,766       $ 0.14   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Options to purchase 11.6 million shares of common stock at prices ranging from $4.60 to $16.23 per share were outstanding at March 29, 2014 and options to purchase 12.0 million shares of common stock at prices ranging from $4.60 to $16.23 per share were outstanding at March 30, 2013.

For the three month periods ended March 29, 2014 and March 30, 2013, options to purchase 10.4 million and 9.1 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 29, 2014 and March 30, 2013, options to purchase 10.4 million and 4.6 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.