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Earnings Per Share
9 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
 
Three Months Ended
 
Nine Months Ended
 
June 30,
2012
 
July 2,
2011
 
June 30,
2012
 
July 2,
2011
Basic and Diluted Earnings Per Share:
 
 
 
 
 
 
 
Net income
$
23,533

 
$
22,040

 
$
61,361

 
$
70,933

Basic weighted average common shares outstanding
34,982

 
37,021

 
34,819

 
39,135

Dilutive effect of share-based awards outstanding
661

 
839

 
682

 
788

Diluted weighted average shares outstanding
35,643

 
37,860

 
35,501

 
39,923

Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.67

 
$
0.60

 
$
1.76

 
$
1.81

Diluted
$
0.66

 
$
0.58

 
$
1.73

 
$
1.78


For the three and nine months ended June 30, 2012, stock options and stock-settled stock appreciation rights ("SARS") for approximately 1.4 million and 1.3 million shares, respectively, were not included in the computation of diluted earnings per share because the options’ and stock-settled SARs’ exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive. For both the three and nine months ended June 30, 2012, restricted stock units (“RSUs”) of approximately 0.1 million units were outstanding but were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.
For the three and nine months ended July 2, 2011, stock options and stock-settled SARs for approximately 1.1 million and 1.2 million shares, respectively, were not included in the computation of diluted earnings per share because the options’ and stock-settled SARs’ exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive. For three and nine months ended July 2, 2011, none of the RSUs outstanding had an anti-dilutive effect.