Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.20.2
Earnings Per Share
 12 Months Ended
Sep. 26, 2020
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 26, 2020 Fiscal Year Ended September 28, 2019 Fiscal Year Ended September 29, 2018
  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 $ 120,676  54,008  $ 2.23  $ 92,786  56,770  $ 1.63  $ 123,594  51,716  $ 2.39 
Effect of dilutive securities:
Options to purchase common stock 316  (0.01) 509  (0.01) 996  (0.05)
Restricted shares 414  (0.02) 332  (0.01) 629  (0.02)
Diluted EPS:
Net income available to common shareholders $ 120,676  54,738  $ 2.20  $ 92,786  57,611  $ 1.61  $ 123,594  53,341  $ 2.32 
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.
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.