Earnings Per Common Share

3 Months Ended

Dec. 29, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

5. 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 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 less than 0.1 million and approximately 0.5 million weighted common shares have been excluded from diluted weighted shares outstanding for the three-fiscal month periods ended December 29, 2012 and December 31, 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
		December 29,		December 31,
		2012		2011
	(expressed in thousands, except per share data)
Net income	$	13,783	$	15,539
Weighted average common shares outstanding		15,669		15,681
Dilutive potential common shares		176		151
Total diluted weighted shares outstanding		15,845		15,832
Earnings per share:
Basic	$	0.88	$	0.99
Diluted	$	0.87	$	0.98