Average Shares Outstanding

6 Months Ended

Apr. 10, 2016

Weighted Average Number of Shares Outstanding, Diluted [Abstract]

AVERAGE SHARES OUTSTANDING

Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive common shares include stock options, nonvested stock awards and units and non-management director stock equivalents. Performance share awards are included in the average diluted shares outstanding each period if the performance criteria have been met at the end of the respective periods.

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding (in thousands):



	Quarter		Year-to-date
	April 10, 2016	April 12, 2015	April 10, 2016	April 12, 2015
Weighted-average shares outstanding – basic	33,656	37,970	34,686	38,353
Effect of potentially dilutive securities:
Stock options	156	246	166	337
Nonvested stock awards and units	242	190	280	195
Performance share awards	123	160	124	154
Weighted-average shares outstanding – diluted	34,177	38,566	35,256	39,039
Excluded from diluted weighted-average shares outstanding:
Antidilutive	223	—	194	78
Performance conditions not satisfied at the end of the period	2	6	2	14