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. 28, 2019

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



	Fiscal Year Ended September 28, 2019						Fiscal Year Ended September 29, 2018						Fiscal Year Ended September 30, 2017
	Net Income		Shares	Per Share			Net Income		Shares	Per Share			Net Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	92,786	56,770	$	1.63		$	123,594	51,716	$	2.39		$	78,828	50,230	$	1.57
Effect of dilutive securities:
Options to purchase common stock			509	(0.01		)			996	(0.05		)			992	(0.03		)
Restricted shares			332	(0.01		)			629	(0.02		)			598	(0.02		)
Diluted EPS:
Net income available to common shareholders	$	92,786	57,611	$	1.61		$	123,594	53,341	$	2.32		$	78,828	51,820	$	1.52

For fiscal 2019, options to purchase 1.1 million shares 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 2018, options to purchase two thousand shares 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 2017, options to purchase 31 thousand shares 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.