Earnings Per Share

12 Months Ended

Sep. 27, 2014

Earnings Per Share [Abstract]

Earnings Per Share

16. Earnings Per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share (EPS) computations:

	Fiscal Year Ended September 27, 2014						Fiscal Year Ended September 28, 2013								Fiscal Year Ended September 29, 2012
	Net Income (Loss)		Shares		Per Share		Net Income			Shares		Per Share			Net Income		Shares		Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income (loss) available to common shareholders	$	8,804		48,880	$	0.18	$	(1,929	)		48,094	$	(0.04	)	$	21,173		47,622	$	0.44
Effect of dilutive securities:
Options to purchase common stock				69		0					0		0					497		0
Restricted shares				448		0					0		0					255		0
Diluted EPS:
Net income (loss) available to common shareholders	$	8,804		49,397	$	0.18	$	(1,929	)		48,094	$	(0.04	)	$	21,173		48,374	$	0.44

The price of options to purchase shares of common stock and Class A common stock outstanding at September 27, 2014 range from $6.43 to $16.23 per share. For fiscal 2014, 9.7 million options were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive.

The price of options to purchase shares of common stock and Class A common stock outstanding at September 28, 2013 range from $4.60 to $16.23 per share. For fiscal 2013, 10.4 million options were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive. Regardless of exercise price, all outstanding stock options were excluded in the calculation due to the net loss recorded for the period ended September 28, 2013. In periods where net earnings are reported, these options may become dilutive if the average market price of our common stock exceeds the exercise price of the outstanding options.

The price of options to purchase shares of common stock and Class A common stock outstanding at September 29, 2012 range from $4.60 to $16.23 per share. For fiscal 2012, 6.1 million options were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive.