Net Income Per Common Share

6 Months Ended

Apr. 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 and six months ended April 27, 2012 and April 29, 2011:

	Three Months Ended					Six Months Ended
	April 27, 2012			April 29, 2011		April 27, 2012		April 29, 2011
Basic
Net income	$	76,540	$		56,308	$	132,322	$	89,735
Weighted-average common shares outstanding - basic		92,068,366			94,432,627		92,464,748		95,646,147
Net Income per Common Share – Basic	$	0.83	$		0.60	$	1.43	$	0.94
Diluted
Net income	$	76,540	$		56,308	$	132,322	$	89,735
Weighted-average common shares outstanding – basic		92,068,366			94,432,627		92,464,748		95,646,147
Diluted effect of stock options and unvested restricted stock		3,026,003			3,064,418		2,877,801		2,924,462
Equivalent average common shares outstanding - diluted		95,094,369			97,497,045		95,342,549		98,570,609
Net Income per Common Share - Diluted	$	0.80	$		0.58	$	1.39	$	0.91

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 27,897 and 15,717 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three and six months ended April 27, 2012, respectively, as inclusion of these shares would have been antidilutive. Potential common shares of 21,500 and 279,673 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three and six months ended April 29, 2011, respectively.