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Earnings Per Share
12 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE

(In thousands, except per share amounts)
Fiscal Years Ended
 
September 28,
2012
 
September 30,
2011
 
October 1,
2010
Net income
$
202,078

 
$
226,585

 
$
137,294

 
 
 
 
 
 
Weighted average shares outstanding – basic
185,839

 
182,879

 
175,020

Effect of dilutive equity based awards
5,672

 
6,019

 
5,928

Dilutive effect of convertible debt
335

 
1,769

 
1,790

Weighted average shares outstanding – diluted
191,846

 
190,667

 
182,738

 
 
 
 
 
 
Net income per share – basic
$
1.09

 
$
1.24

 
$
0.78

Net income per share - diluted
$
1.05

 
$
1.19

 
$
0.75



Basic earnings per share is 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 convertible debt using the treasury stock method.

Equity based awards exercisable for approximately 4.0 million, 2.0 million, and 4.6 million shares were outstanding but not included in the computation of earnings per share for the fiscal year ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively, as their effect would have been anti-dilutive.