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

6 Months Ended

Mar. 26, 2016

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						Six Months Ended
	March 26, 2016						March 26, 2016
	Income		Shares	Per Share			Income		Shares	Per Share
Basic EPS:
Net income available to common shareholders	$	32,697	48,717	$	0.67		$	24,095	48,641	$	0.50
Effect of dilutive securities:
Options to purchase common stock			976	(0.01		)			1,166	(0.02		)
Restricted shares			752	(0.01		)			751	—
Diluted EPS:
Net income available to common shareholders	$	32,697	50,445	$	0.65		$	24,095	50,558	$	0.48



	Three Months Ended						Six Months Ended
	March 28, 2015						March 28, 2015
	Income		Shares	Per Share			Income		Shares	Per Share
Basic EPS:
Net income available to common shareholders	$	23,237	48,384	$	0.48		$	17,540	48,882	$	0.36
Effect of dilutive securities:
Options to purchase common stock			457	—					251	—
Restricted shares			598	(0.01		)			556	(0.01		)
Diluted EPS:
Net income available to common shareholders	$	23,237	49,439	$	0.47		$	17,540	49,689	$	0.35

Options to purchase 6.8 million shares of common stock at prices ranging from $6.43 to $15.56 per share were outstanding at March 26, 2016, and options to purchase 9.6 million shares of common stock at prices ranging from $6.43 to $15.00 per share were outstanding at March 28, 2015.

For the three month periods ended March 26, 2016 and March 28, 2015, options to purchase 1.6 million and 3.4 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 six month periods ended March 26, 2016 and March 28, 2015, options to purchase 0.7 million and 6.1 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.