Average Shares Outstanding

9 Months Ended

Jul. 07, 2019

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
	July 7, 2019	July 8, 2018	July 7, 2019	July 8, 2018
Weighted-average shares outstanding – basic	25,958	28,042	25,933	28,989
Effect of potentially dilutive securities:
Nonvested stock awards and units	206	215	205	241
Stock options	10	32	10	47
Performance share awards	2	7	2	7
Weighted-average shares outstanding – diluted	26,176	28,296	26,150	29,284
Excluded from diluted weighted-average shares outstanding:
Antidilutive	186	192	186	139
Performance conditions not satisfied at the end of the period	89	67	89	67