Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.1.9
Earnings Per Share
6 Months Ended
Mar. 28, 2015
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 28, 2015
    Six Months Ended
March 28, 2015
 
     Income      Shares      Per Share     Income      Shares      Per Share  
     (in thousands, except per share amounts)  

Basic EPS:

                

Net income available to common shareholders

   $ 23,237         48,384       $ 0.48      $ 17,540         48,882       $ 0.36   

Effect of dilutive securities:

                

Options to purchase common stock

        457         0.00           251         0.00   

Restricted shares

        598         (0.01        556         (0.01

Diluted EPS:

                
  

 

 

    

 

 

    

 

 

      

 

 

    

 

 

 

Net income available to common shareholders

$ 23,237      49,439    $ 0.47    $ 17,540      49,689    $ 0.35   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

     Three Months Ended
March 29, 2014
     Six Months Ended
March 29, 2014
 
     Income      Shares      Per Share      Income      Shares      Per Share  
     (in thousands, except per share amounts)  

Basic EPS:

                 

Net income available to common shareholders

   $ 20,895         48,688       $ 0.43       $ 8,187         48,523       $ 0.17   

Effect of dilutive securities:

                 

Options to purchase common stock

        23         0.00            50         0.00   

Restricted shares

        405         0.00            390         0.00   

Diluted EPS:

                 
  

 

 

    

 

 

    

 

 

       

 

 

    

 

 

 

Net income available to common shareholders

$ 20,895      49,116    $ 0.43    $ 8,187      48,963    $ 0.17   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Options to purchase 9.6 million shares of common stock at prices ranging from $6.43 to $15.00 per share were outstanding at March 28, 2015, and options to purchase 11.6 million shares of common stock at prices ranging from $4.60 to $16.23 per share were outstanding at March 29, 2014.

For the three month periods ended March 28, 2015 and March 29, 2014, options to purchase 3.4 million and 10.4 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 28, 2015 and March 29, 2014, options to purchase 6.1 million and 10.4 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.