Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
 12 Months Ended
Sep. 30, 2017
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 earnings (loss) per share (EPS) computations: 
 
Fiscal Year Ended
September 30, 2017
 
Fiscal Year Ended
September 24, 2016
 
Fiscal Year Ended
September 26, 2015
 
Net
Income
 
Shares
 
Per
Share
 
Net
Income
 
Shares
 
Per
Share
 
Net
Income
(Loss)
 
Shares
 
Per
Share
 
(in thousands, except per share amounts)
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) available to common shareholders
$
78,828

 
50,230

 
$
1.57

 
$
44,514

 
48,964

 
$
0.91

 
$
31,971

 
48,562

 
$
0.66

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options to purchase common stock
 
 
992

 
(0.03
)
 
 
 
1,335

 
(0.02
)
 
 
 
520

 
(0.01
)
Restricted shares
 
 
598

 
(0.02
)
 
 
 
776

 
(0.02
)
 
 
 
556

 
(0.01
)
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) available to common shareholders
$
78,828

 
51,820

 
$
1.52

 
$
44,514

 
51,075

 
$
0.87

 
$
31,971

 
49,638

 
$
0.64


For fiscal 2017, 31 thousand 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 anti-dilutive.
For fiscal 2016, all options outstanding were included in the computation of diluted earnings per share.
For fiscal 2015, 3.2 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 anti-dilutive.