Net Income (Loss) Per Common Share

3 Months Ended

Jan. 24, 2014

Net Income (Loss) Per Common Share [Abstract]

Net Income (Loss) Per Common Share

NOTE 12 – NET INCOME (LOSS) PER COMMON SHARE

The following table presents the net income (loss) per common share calculations for the three months ended January 24, 2014 and January 25, 2013:

	Three Months Ended
		January 24,	January 25,
		2014	2013
Basic
Net income (loss)	$	53,553	$	55,029
Weighted-average common shares outstanding – basic		85,147,728		89,477,591
Net Income (Loss) per Common Share – Basic	$	0.63	$	0.62
Diluted
Net income (loss)	$	53,553	$	55,029
Weighted-average common shares outstanding – basic		85,147,728		89,477,591
Dilutive effect of stock options and unvested restricted stock		2,493,576		2,919,837
Equivalent average common shares outstanding – diluted		87,641,304		92,397,428
Net Income (Loss) per Common Share – Diluted	$	0.61	$	0.60

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 282,551 and 213,210 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three months ended January 24, 2014 and January 25, 2013, respectively, as inclusion of these shares would have been antidilutive.