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Earnings Per Share
 6 Months Ended
Mar. 30, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE

(In thousands, except per share amounts)
Three-months Ended
 
Six-months Ended
 
March 30,
2012
 
April 1,
2011
 
March 30,
2012
 
April 1,
2011
Net income
$
34,033

 
$
49,960

 
$
91,159

 
$
110,828

 
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
185,206

 
183,471

 
184,581

 
182,088

Dilutive effect of equity based awards
5,720

 
6,501

 
5,097

 
6,312

Dilutive effect of convertible debt
90

 
1,989

 
670

 
1,851

Weighted average shares outstanding – diluted
191,016

 
191,961

 
190,348

 
190,251

 
 
 
 
 
 
 
 
Net income per share – basic
$
0.18

 
$
0.27

 
$
0.49

 
$
0.61

Net income per share - diluted
$
0.18

 
$
0.26

 
$
0.48

 
$
0.58



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 5.5 million shares and 0.1 million shares were outstanding but not included in the computation of earnings per share for the three months ended March 30, 2012 and April 1, 2011, respectively, as their effect would have been anti-dilutive.

Equity based awards exercisable for approximately 5.6 million shares and 0.9 million shares were outstanding but not included in the computation of earnings per share for the six months ended March 30, 2012 and April 1, 2011, respectively, as their effect would have been anti-dilutive.