Note 10 Earnings Per Share

9 Months Ended

Jun. 27, 2015

Earnings Per Share

Basic and diluted per share amounts are calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period, as follows:



	Three Months Ended				Nine Months Ended
	June 27, 2015		June 28, 2014		June 27, 2015		June 28, 2014
	(In thousands, except per share data)
Numerator:
Net income	$	24,475	$	20,721	$	61,879	$	64,662

Denominator:
Weighted average common shares outstanding	81,700		82,467		82,357		82,988
Effect of dilutive stock options and restricted stock units	3,793		3,768		3,951		3,609
Denominator for diluted earnings per share	85,493		86,235		86,308		86,597

Net income per share:
Basic	$	0.30	$	0.25	$	0.75	$	0.78
Diluted	$	0.29	$	0.24	$	0.72	$	0.75

The following table presents weighted-average dilutive securities that were excluded from the above calculation because their inclusion would have had an anti-dilutive effect under ASC Topic 260, Earnings per Share, due to application of the treasury stock method:



	Three Months Ended		Nine Months Ended
	June 27, 2015	June 28, 2014	June 27, 2015	June 28, 2014
	(In thousands)
Potentially dilutive securities:
Employee stock options	622	2,522	504	3,074
Restricted stock units	9	108	11	36
Total	631	2,630	515	3,110