Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
6 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
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
 
Six Months Ended
 
 
March 31, 2018
 
March 31, 2018
 
 
Income
 
Shares
 
Per Share
 
Income

Shares

Per Share
Basic EPS:
 
 
 
 
 
 
 





     Net income available to common shareholders
 
$
45,234

 
50,871

 
$
0.89

 
$
71,481


50,816


$
1.41

Effect of dilutive securities:
 
 
 
 
 
 
 





     Options to purchase common stock
 

 
1,092

 
(0.02
)
 


1,120


(0.03
)
     Restricted shares
 

 
695

 
(0.01
)
 


757


(0.02
)
Diluted EPS:
 

 

 

 





     Net income available to common shareholders
 
$
45,234

 
52,658

 
$
0.86

 
$
71,481


52,693


$
1.36

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
March 25, 2017
 
March 25, 2017
 
 
Income

Shares

Per Share
 
Income

Shares

Per Share
Basic EPS:






 





     Net income available to common shareholders

$
34,684


50,079


$
0.69

 
$
42,321


49,872


$
0.85

Effect of dilutive securities:






 





     Options to purchase common stock



1,156


(0.01
)
 
 

1,273


(0.02
)
     Restricted shares



748


(0.01
)
 
 

766


(0.01
)
Diluted EPS:






 
 




     Net income available to common shareholders

$
34,684


51,983


$
0.67

 
$
42,321


51,911


$
0.82

 
 
 
 
 
 
 
 
 
 
 
 
 


Options to purchase 2.7 million shares of common stock at prices ranging from $6.43 to $36.94 per share were outstanding at March 31, 2018, and options to purchase 3.1 million shares of common stock at prices ranging from $6.43 to $31.76 per share were outstanding at March 25, 2017.

For the three months ended March 31, 2018 and March 25, 2017, all options outstanding were included in the computation of diluted earnings per share.

For the six months ended March 31, 2018, all options outstanding were included in the computation of diluted earnings per share. For the six months ended March 25, 2017, options to purchase 0.2 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.