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Earnings Per Share
9 Months Ended
Jun. 29, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
 
Basic earnings per share is computed based on the weighted average number of shares outstanding during the period, excluding unvested restricted stock. Diluted earnings per share is computed based on the weighted average number of shares outstanding during the period increased by the effect of dilutive employee stock awards, including stock options, restricted stock awards and stock purchase plan contracts, using the treasury stock method.
 
The following table presents information necessary to calculate basic and diluted earnings per share (in thousands, except per share data): 
 
Three Months Ended
 
Nine Months Ended
 
 
June 29,
2013
 
June 30,
2012
 
June 29,
2013
 
June 30,
2012
 
Weighted average shares outstanding —basic
24,310

 
23,633

 
24,055

 
23,538

 
Dilutive effect of employee stock awards
380

 
421

 
407

 
466

 
Weighted average shares outstanding—diluted
24,690

 
24,054

 
24,462

 
24,004

 
 
 
 
 
 
 
 
 
 
Net income
$
16,685

 
$
17,208

 
$
45,840

 
$
50,414

 
 
 
 
 
 
 
 
 
 
Net income per basic share
$
0.69

 
$
0.73

 
$
1.91

 
$
2.14

 
Net income per diluted share
$
0.68

 
$
0.72

 
$
1.87

 
$
2.10

 

 
A total of 2,999 and 82,053 potentially dilutive securities have been excluded from the diluted share calculation for the three and nine months ended June 29, 2013 as their effect was anti-dilutive. A total of 108,501 and 97,048 potentially dilutive securities have been excluded from the diluted share calculation for the three and nine months ended June 30, 2012 as their effect was anti-dilutive.