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. 25, 2021

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


	Fiscal Year Ended September 25, 2021					Fiscal Year Ended September 26, 2020					Fiscal Year Ended September 28, 2019
	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	$	151,746	53,914	$	2.81	$	120,676	54,008	$	2.23	$	92,786	56,770	$	1.63
Effect of dilutive securities:
Options to purchase common stock			645	(0.03)				316	(0.01)				509	(0.01)
Restricted shares			689	(0.03)				414	(0.02)				332	(0.01)
Diluted EPS:
Net income available to common shareholders	$	151,746	55,248	$	2.75	$	120,676	54,738	$	2.20	$	92,786	57,611	$	1.61

For fiscal 2021, options to purchase 0.2 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 2020, options to purchase 1.0 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 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.