Earnings Per Share

12 Months Ended

Sep. 29, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for fiscal 2012, 2011 and 2010 (in thousands, except per share amounts):

	2012		2011		2010
Earnings:
Net income	$	62,089	$	89,256	$	89,533
Basic weighted average common shares outstanding	34,874		38,063		40,051
Dilutive effect of stock options	655		737		780
Diluted weighted average shares outstanding	35,529		38,800		40,831
Earnings per share:
Basic	$	1.78	$	2.34	$	2.24
Diluted	$	1.75	$	2.30	$	2.19

In fiscal 2012, 2011 and 2010, stock options and stock-settled stock appreciation rights (‘SARs”) to purchase approximately 1.4 million, 1.3 million and 1.2 million shares, respectively, were outstanding but were not included in the computation of diluted earnings per share because the options’ and SARs’ exercise prices were greater than the average market price of our common shares and, therefore, their effect would be antidilutive.