Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
 9 Months Ended
Jun. 30, 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
 
Nine Months Ended
 
 
June 30, 2018
 
June 30, 2018
 
 
Income
 
Shares
 
Per Share
 
Income

Shares

Per Share
Basic EPS:
 
 
 
 
 
 
 





     Net income available to common shareholders
 
$
41,545

 
51,134

 
$
0.81

 
$
113,026


50,938


$
2.22

Effect of dilutive securities:
 
 
 
 
 
 
 





     Options to purchase common stock
 

 
932

 
(0.01
)
 


1,058


(0.05
)
     Restricted shares
 

 
509

 
(0.01
)
 


674


(0.02
)
Diluted EPS:
 

 

 

 





     Net income available to common shareholders
 
$
41,545

 
52,575

 
$
0.79

 
$
113,026


52,670


$
2.15

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
June 24, 2017
 
June 24, 2017
 
 
Income

Shares

Per Share
 
Income

Shares

Per Share
Basic EPS:






 





     Net income available to common shareholders

$
32,248


50,507


$
0.64

 
$
74,569


50,084


$
1.49

Effect of dilutive securities:






 





     Options to purchase common stock



810


(0.01
)
 
 

1,080


(0.03
)
     Restricted shares



508


(0.01
)
 
 

605


(0.02
)
Diluted EPS:






 
 




     Net income available to common shareholders

$
32,248


51,825


$
0.62

 
$
74,569


51,769


$
1.44

 
 
 
 
 
 
 
 
 
 
 
 
 


Options to purchase 2.4 million shares of common stock at prices ranging from $6.43 to $38.10 per share were outstanding at June 30, 2018, and options to purchase 2.7 million shares of common stock at prices ranging from $6.43 to $31.76 per share were outstanding at June 24, 2017.

For each of the three month periods ended June 30, 2018 and June 24, 2017, options to purchase 0.6 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 months ended June 30, 2018 and June 24, 2017, options to purchase 0.6 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.