Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.19.3
Earnings Per Share
12 Months Ended
Sep. 28, 2019
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 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.