Net Income (Loss) Per Common Share

3 Months Ended

Jan. 25, 2013

Net Income (Loss) Per Common Share [Abstract]

Net Income (Loss) Per Common Share

NOTE 13 – NET INCOME (LOSS) PER COMMON SHARE

The following table presents the net income (loss) per common share calculations for the three months ended January 25, 2013 and January 27, 2012:

	Three Months Ended
	January 25, 2013		January 27, 2012
Basic
Net income (loss)	$	55,029	$	55,782
Weighted-average common shares outstanding – basic		89,477,591		92,861,129
Net Income (Loss) per Common Share – Basic	$	0.62	$	0.60
Diluted
Net income (loss)	$	55,029	$	55,782
Weighted-average common shares outstanding – basic		89,477,591		92,861,129
Dilutive effect of stock options and unvested restricted stock		2,919,837		2,624,225
Equivalent average common shares outstanding – diluted		92,397,428		95,485,354
Net Income (Loss) per Common Share – Diluted	$	0.60	$	0.58

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 213,210 and 326,044 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three months ended January 25, 2013 and January 27, 2012, respectively, as inclusion of these shares would have been antidilutive.