Central Garden & Pet Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Jun. 27, 2015

Earnings Per Share [Abstract]

Earnings Per Share

10.

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 27, 2015							Nine Months Ended June 27, 2015
	Income		Shares		Per Share			Income		Shares		Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	18,800		48,167	$	0.39		$	36,340		48,642	$	0.75
Effect of dilutive securities:
Options to purchase common stock				538		0.00					309		(0.01	)
Restricted shares				585		(0.01	)				545		(0.01	)
Diluted EPS:

Net income available to common shareholders	$	18,800		49,290	$	0.38		$	36,340		49,496	$	0.73


	Three Months Ended June 28, 2014							Nine Months Ended June 28, 2014
	Income		Shares		Per Share			Income		Shares		Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	4,687		49,148	$	0.10		$	12,874		48,732	$	0.26
Effect of dilutive securities:
Options to purchase common stock				154		0					35		0
Restricted shares				539		(0.01	)				434		0
Diluted EPS:

Net income available to common shareholders	$	4,687		49,841	$	0.09		$	12,874		49,201	$	0.26

Options to purchase 7.4 million shares of common stock at prices ranging from $6.43 to $15.00 per share were outstanding at June 27, 2015, and options to purchase 11.2 million shares of common stock at prices ranging from $6.43 to $16.23 per share were outstanding at June 28, 2014.

For the three month periods ended June 27, 2015 and June 28, 2014, options to purchase 3.2 million and 9.5 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 periods ended June 27, 2015 and June 28, 2014, options to purchase 4.8 million and 10.3 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.