Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 9 Months Ended
Jun. 29, 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
June 29, 2013		     Nine Months Ended
June 29, 2013		  
    Income     Shares     Per Share     Income     Shares     Per Share  
    (in thousands, except per share amounts)  

Basic EPS:

                                                

Net income available to common shareholders

   $ 13,725       48,173     $ 0.28     $ 20,652       48,037     $ 0.43  

Effect of dilutive securities:

                                                

Options to purchase common stock

             141       0               284       0  

Restricted shares

             508       0               445       (0.01 ) 

Diluted EPS:

                                                
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders

   $ 13,725       48,822     $ 0.28     $ 20,652       48,766     $ 0.42  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
     
    Three Months Ended
June 23, 2012		     Nine Months Ended
June 23, 2012		  
    Income     Shares     Per Share     Income     Shares     Per Share  
    (in thousands, except per share amounts)  

Basic EPS:

                                                

Net income available to common shareholders

   $ 22,699       47,661     $ 0.48     $ 31,232       47,580     $ 0.66  

Effect of dilutive securities:

                                                

Options to purchase common stock

             476       (0.01 )              455       (0.01 ) 

Restricted shares

             251       0               218       0  

Diluted EPS:

                                                
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders

   $ 22,699       48,388     $ 0.47     $ 31,232       48,253     $ 0.65  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Options to purchase 11.6 million shares of common stock at prices ranging from $4.60 to $16.23 per share were outstanding at June 29, 2013, and options to purchase 12.8 million shares of common stock at prices ranging from $4.60 to $17.99 per share were outstanding at June 23, 2012.

For the three month periods ended June 29, 2013 and June 23, 2012, options to purchase 10.7 and 10.8 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 stock and, therefore, the effect would be anti-dilutive.

For the nine month period ended June 29, 2013 and June 23, 2012, options to purchase 7.5 and 9.9 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 stock and, therefore, the effect would be anti-dilutive.