Average Shares Outstanding

6 Months Ended

Apr. 16, 2017

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 16, 2017	April 10, 2016	April 16, 2017	April 10, 2016
Weighted-average shares outstanding – basic	30,895	33,656	31,622	34,686
Effect of potentially dilutive securities:
Nonvested stock awards and units	163	242	178	280
Stock options	52	156	66	166
Performance share awards	16	123	17	124
Weighted-average shares outstanding – diluted	31,126	34,177	31,883	35,256
Excluded from diluted weighted-average shares outstanding:
Antidilutive	90	223	64	194
Performance conditions not satisfied at the end of the period	79	2	79	2