Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
3 Months Ended
Dec. 29, 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 (in thousands except share and per share amounts).
 
 
Three Months Ended
 
 
December 29, 2018
 
 
Income
 
Shares
 
Per Share
Basic EPS:
 
 
 
 
 
 
Net income available to common shareholders
 
$
1,803

 
56,903

 
$
0.03

Effect of dilutive securities:
 
 
 
 
 
 
     Options to purchase common stock
 

 
667

 

     Restricted shares
 

 
431

 

Diluted EPS:
 

 

 

     Net income available to common shareholders
 
$
1,803

 
58,001

 
$
0.03

 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
December 30, 2017
 
 
Income

Shares

Per Share
Basic EPS:






     Net income available to common shareholders

$
26,247


50,730


$
0.52

Effect of dilutive securities:






     Options to purchase common stock



1,147


(0.01
)
     Restricted shares



818


(0.01
)
Diluted EPS:






     Net income available to common shareholders

$
26,247


52,695


$
0.50

 
 
 
 
 
 
 


Options to purchase 2.3 million shares of common stock at prices ranging from $6.43 to $38.10 per share were outstanding at December 29, 2018, and options to purchase 2.4 million shares of common stock at prices ranging from $6.43 to $33.15 per share were outstanding at December 30, 2017.

For the three months ended December 29, 2018, 1.1 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 antidilutive. For the three months ended December 30, 2017, all options outstanding were included in the computation of diluted earnings per share.