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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 2016
Earnings Per Share Reconciliation [Abstract]  
Earnings Per Share

The following table (i) reconciles the denominator used to compute Basic EPS to the denominator used to compute Diluted EPS for each of the last three fiscal years, and (ii) discloses the number of antidilutive stock options, shares of restricted stock, and restricted stock units outstanding at the end of each of the fiscal years indicated (in thousands):

 

 

 

2016

 

 

2015

 

 

2014

 

Shares used to calculate EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

   (denominator used to compute basic EPS)

 

 

120,133

 

 

 

125,007

 

 

 

130,483

 

Diluted effect of stock options and restricted stock

 

 

1,350

 

 

 

1,103

 

 

 

1,888

 

Denominator used to compute diluted EPS

 

 

121,483

 

 

 

126,110

 

 

 

132,371

 

Antidilutive stock options and restricted stock

 

 

2,142

 

 

 

3,237

 

 

 

2,074

 

 

Share Repurchases

The following table summarizes the activity under this program during fiscal 2016 (in thousands, except per-share amounts):

Amount

Authorized

(in thousands)

 

 

Average

Price Per

Share (1)

 

 

Total

Shares

Retired

(In thousands)

 

 

Shares Repurchased

(In thousands)

2016

 

$

500,000

 

 

$

44.76

 

 

 

3,408

 

 

 

3,408

 

 

(1)

Includes commissions paid and calculated as the average price per share since the repurchase program authorization date.