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Earnings Per Share
 3 Months Ended
Dec. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

(In thousands, except per share amounts)
Three-months Ended
 
December 30,
2011
 
December 31,
2010
Net income
$
57,126

 
$
60,868

 
 
 
 
Weighted average shares outstanding – basic
183,956

 
180,706

Effect of dilutive equity based awards
4,476

 
6,122

Dilutive effect of convertible debt
1,250

 
1,713

Weighted average shares outstanding – diluted
189,682

 
188,541

 
 
 
 
Net income per share – basic
$
0.31

 
$
0.34

Net income per share - diluted
$
0.30

 
$
0.32



Basic earnings per share are calculated by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per share includes the dilutive effect of equity based awards and the 2007 Convertible Notes using the treasury stock method.

Equity based awards exercisable for approximately 5.6 million shares and 1.7 million shares were outstanding but not included in the computation of earnings per share for the three months ended December 30, 2011 and December 31, 2010, respectively, as their effect would have been anti-dilutive.