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Earnings Per Share
 9 Months Ended
Jun. 29, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
(In thousands, except per share amounts)
Three-months Ended
 
Nine-months Ended
 
June 29,
2012
 
July 1,
2011
 
June 29,
2012
 
July 1,
2011
Net income
$
49,317

 
$
51,548

 
$
140,476

 
$
162,376

 
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
186,269

 
183,750

 
185,144

 
182,642

Dilutive effect of equity based awards
6,188

 
5,840

 
5,461

 
6,155

Dilutive effect of convertible debt
—

 
1,790

 
446

 
1,831

Weighted average shares outstanding – diluted
192,457

 
191,380

 
191,051

 
190,628

 
 
 
 
 
 
 
 
Net income per share – basic
$
0.26

 
$
0.28

 
$
0.76

 
$
0.89

Net income per share - diluted
$
0.26

 
$
0.27

 
$
0.74

 
$
0.85



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 convertible debt using the treasury stock method.

Equity based awards exercisable for approximately 3.5 million shares and 2.8 million shares were outstanding but not included in the computation of earnings per share for the three months ended June 29, 2012 and July 1, 2011, respectively, as their effect would have been anti-dilutive.

Equity based awards exercisable for approximately 4.9 million shares and 1.5 million shares were outstanding but not included in the computation of earnings per share for the nine months ended June 29, 2012 and July 1, 2011, respectively, as their effect would have been anti-dilutive.