Net Income Per Common Share

9 Months Ended

Jul. 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 nine months ended July 27, 2012 and July 29, 2011:

	Three Months Ended					Nine Months Ended
	July 27, 2012			July 29, 2011		July 27, 2012		July 29, 2011
Basic
Net income	$	86,406	$		67,387	$	218,728	$	157,122
Weighted-average common shares outstanding - basic		90,601,291			93,063,614		91,843,596		94,788,124
Net Income per Common Share – Basic	$	0.95	$		0.72	$	2.38	$	1.66
Diluted
Net income	$	86,406	$		67,387	$	218,728	$	157,122
Weighted-average common shares outstanding – basic		90,601,291			93,063,614		91,843,596		94,788,124
Diluted effect of stock options and unvested restricted stock		2,971,914			2,787,597		2,931,840		2,882,383
Equivalent average common shares outstanding - diluted		93,573,205			95,851,211		94,775,436		97,670,507
Net Income per Common Share - Diluted	$	0.92	$		0.70	$	2.31	$	1.61

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. Potential common shares of 59,430 and 29,450 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three and nine months ended July 27, 2012, respectively, as inclusion of these shares would have been antidilutive. Potential common shares of 253,658 and 285,839 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three and nine months ended July 29, 2011, respectively.