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. 25, 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						Nine Months Ended
	June 25, 2016						June 25, 2016
	Income		Shares	Per Share			Income		Shares	Per Share
Basic EPS:
Net income available to common shareholders	$	26,030	49,120	$	0.53		$	50,125	48,801	$	1.03
Effect of dilutive securities:
Options to purchase common stock			1,211	(0.01		)			1,201	(0.03		)
Restricted shares			732	(0.01		)			741	(0.01		)
Diluted EPS:
Net income available to common shareholders	$	26,030	51,063	$	0.51		$	50,125	50,743	$	0.99



	Three Months Ended						Nine Months Ended
	June 27, 2015						June 27, 2015
	Income		Shares	Per Share			Income		Shares	Per Share
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	—					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

Options to purchase 4.5 million shares of common stock at prices ranging from $6.43 to $15.56 per share were outstanding at June 25, 2016, and 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.

For the three month period ended June 25, 2016 all options outstanding were included in the computation of diluted earnings per share. For the three month period ended June 27, 2015, options to purchase 3.2 million shares of common stock, 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 period ended June 25, 2016 all options outstanding were included in the computation of diluted earnings per share. For the nine month period ended June 27, 2015, options to purchase 4.8 million shares of common stock 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.