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Earnings Per Share
9 Months Ended
Jun. 28, 2014
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 28,
2014
 
June 29,
2013
 
June 28,
2014
 
June 29,
2013
 
Weighted average shares outstanding —basic
24,837

 
24,310

 
24,720

 
24,055

 
Dilutive effect of employee stock awards
278

 
380

 
305

 
407

 
Weighted average shares outstanding—diluted
25,115

 
24,690

 
25,025

 
24,462

 
 
 
 
 
 
 
 
 
 
Net income
$
12,999

 
$
16,685

 
$
40,009

 
$
45,840

 
 
 
 
 
 
 
 
 
 
Net income per basic share
$
0.52

 
$
0.69

 
$
1.62

 
$
1.91

 
Net income per diluted share
$
0.52

 
$
0.68

 
$
1.60

 
$
1.87

 

 
A total of 758 and 44,563 potentially dilutive securities have been excluded from the diluted share calculation for the three and nine months ended June 28, 2014 as their effect was anti-dilutive. 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.