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. 29, 2019

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						Nine Months Ended
	June 29, 2019						June 29, 2019
	Income		Shares	Per Share			Income		Shares	Per Share
Basic EPS:
Net income available to common shareholders	$	46,152	57,319	$	0.81		$	90,346	57,021	$	1.58
Effect of dilutive securities:
Options to purchase common stock	—		412	(0.01		)	—		559	(0.01		)
Restricted shares	—		254	—			—		357	(0.01		)
Diluted EPS:
Net income available to common shareholders	$	46,152	57,985	$	0.80		$	90,346	57,937	$	1.56



	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

Options to purchase 2.6 million shares of common stock at prices ranging from $8.56 to $38.10 per share were outstanding at June 29, 2019, and 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.

For the three months ended June 29, 2019 and June 30, 2018, 1.8 million and 0.6 million options outstanding 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 nine months ended June 29, 2019 and June 30, 2018, 1.1 million and 0.6 million options outstanding 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.