Net Income Per Common Share

3 Months Ended

Jan. 27, 2012

Net Income Per Common Share [Abstract]

Net Income Per Common Share

NOTE 15: NET INCOME PER COMMON SHARE

The following table presents the net income per common share calculations for the three months ended January 27, 2012 and January 28, 2011:

	Three Months Ended
	January 27, 2012		January 28, 2011
Basic
Net income	$	55,782	$	33,427
Weighted-average common shares outstanding - basic		92,861,129		96,859,667
Net income per common share - basic	$	0.60	$	0.35
Diluted
Net income	$	55,782	$	33,427
Weighted-average common shares outstanding - basic		92,861,129		96,859,667
Dilutive effect of stock options and unvested restricted stock		2,624,225		2,740,747
Equivalent average common shares outstanding - diluted		95,485,354		99,600,414
Net income per common share - diluted	$	0.58	$	0.34

Basic earnings per share are based on the weighted-average number of common shares outstanding during each period. In computing diluted earnings per share, the number of common shares outstanding is increased by common stock options with exercise prices lower than the average market prices of common shares during each period and reduced by the number of shares assumed to have been purchased with proceeds from the exercised options. If we are in a net loss position, these shares are excluded as they are antidilutive. Potential common shares of 326,044 and 365,563 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three months ended January 27, 2012 and January 28, 2011, respectively, as inclusion of these shares would have been antidilutive.