Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 6 Months Ended
Mar. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
10. Earnings Per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted per share computations for income from continuing operations.

 

                                                 
    Three Months Ended
March 30, 2013		     Six Months Ended
March 30, 2013		  
    Income     Shares     Per Share     Income     Shares     Per Share  
    (in thousands, except per share amounts)  

Basic EPS:

                                                

Net income available to common shareholders

   $ 22,196       48,064     $ 0.46     $ 6,927       47,968     $ 0.14  

Effect of dilutive securities:

                                                

Options to purchase common stock

             410       (0.00 )              390       (0.00 ) 

Restricted shares

             266       (0.00 )              408       (0.00 ) 

Diluted EPS:

                                                
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders

   $ 22,196       48,740     $ 0.46     $ 6,927       48,766     $ 0.14  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                 
    Three Months Ended
March 24, 2012		     Six Months Ended
March 24, 2012		  
    Income     Shares     Per Share     Income     Shares     Per Share  
    (in thousands, except per share amounts)  

Basic EPS:

                                                

Net income available to common shareholders

   $ 21,623       47,343     $ 0.46     $ 8,533       47,576     $ 0.18  

Effect of dilutive securities:

                                                

Options to purchase common stock

             463       (0.01 )              408       (0.00 ) 

Restricted shares

             230       (0.00 )              207       (0.00 ) 

Diluted EPS:

                                                
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders

   $ 21,623       48,036     $ 0.45     $ 8,533       48,191     $ 0.18  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Options to purchase 12.0 million shares of common stock at prices ranging from $4.60 to $16.23 per share were outstanding at March 30, 2013 and options to purchase 11.5 million shares of common stock at prices ranging from $4.60 to $17.99 per share were outstanding at March 24, 2012.

For the three month periods ended March 30, 2013 and March 24, 2012, options to purchase 9.1 and 9.2 million shares of common stock, respectively, were outstanding but 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 would be anti-dilutive.

For the six month period ended March 30, 2013 and March 24, 2012, options to purchase 4.6 and 9.7 million shares of common stock, respectively, were outstanding but 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 would be anti-dilutive.