Central Garden & Pet Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Sep. 24, 2016

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share (EPS) computations:



	Fiscal Year Ended September 24, 2016						Fiscal Year Ended September 26, 2015						Fiscal Year Ended September 27, 2014
	Net Income		Shares	Per Share			Net Income		Shares	Per Share			Net Income (Loss)		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income (loss) available to common shareholders	$	44,514	48,964	$	0.91		$	31,971	48,562	$	0.66		$	8,804	48,880	$	0.18
Effect of dilutive securities:
Options to purchase common stock			1,335	(0.02		)			520	(0.01		)			69	0
Restricted shares			776	(0.02		)			556	(0.01		)			448	0
Diluted EPS:
Net income (loss) available to common shareholders	$	44,514	51,075	$	0.87		$	31,971	49,638	$	0.64		$	8,804	49,397	$	0.18

For fiscal 2016, all options outstanding were included in the computation of diluted earnings per share.

For fiscal 2015, 3.2 million options 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 of including these options would be anti-dilutive.

For fiscal 2014, 9.7 million options 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 of including these options would be anti-dilutive.