Earnings Per Share

6 Months Ended

Apr. 04, 2015

Earnings Per Share [Abstract]

Earnings Per Share

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for the three and six months ended April 4, 2015 and March 29, 2014 (in thousands, except per share amounts):

	Three Months Ended				Six Months Ended
	April 4, 2015		March 29, 2014		April 4, 2015		March 29, 2014
Basic and Diluted Earnings Per Share:
Net income	$	23,594	$	18,516	$	46,673	$	36,179
Basic weighted average common shares outstanding	33,606		33,868		33,604		33,799
Dilutive effect of share-based awards outstanding	736		835		787		899
Diluted weighted average shares outstanding	34,342		34,703		34,391		34,698
Earnings per share:
Basic	$	0.70	$	0.55	$	1.39	$	1.07
Diluted	$	0.69	$	0.53	$	1.36	$	1.04

For the three and six months ended April 4, 2015, stock options and stock-settled stock appreciation rights ("SARs") for approximately 0.7 million shares, 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 the three and six months ended March 29, 2014, stock options and stock-settled stock appreciation rights ("SARs") for approximately 0.5 million and 0.6 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.