Earnings Per Common Share

9 Months Ended

Jun. 30, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

3. Earnings Per Common Share

Basic earnings per share are computed by dividing net earnings by the daily weighted average number of common shares outstanding during the applicable periods. Diluted earnings per share include the potentially dilutive effect of common shares issued in connection with outstanding stock-based compensation options and awards, using the treasury stock method. Under the treasury stock method, shares associated with certain stock options have been excluded from the diluted weighted average shares outstanding calculation because the exercise of those options would lead to a net reduction in common shares outstanding. As a result, stock options to acquire 0.3 million and 0.2 million weighted common shares have been excluded from diluted weighted shares outstanding for the three-fiscal month periods ended June 30, 2012 and July 2, 2011, respectively. Stock options to acquire 0.4 million and 0.3 million weighted common shares have been excluded from diluted weighted shares outstanding for the nine-fiscal month periods ended June 30, 2012 and July 2, 2011, respectively. The potentially dilutive effect of common shares issued in connection with outstanding stock options is determined based on net income. A reconciliation of these amounts is as follows:

	Three Fiscal Months Ended				Nine Fiscal Months Ended
	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
	(expressed in thousands, except per share data)
Net income	$	9,609	$	10,953	$	36,305	$	36,050
Weighted average common shares outstanding		16,048		15,570		15,878		15,435
Dilutive potential common shares		149		219		167		283
Total diluted weighted shares outstanding		16,197		15,789		16,045		15,718
Earnings per share:
Basic	$	0.60	$	0.70	$	2.29	$	2.34
Diluted	$	0.59	$	0.69	$	2.26	$	2.29