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Earnings Per Share
9 Months Ended
Jun. 28, 2014
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 (in thousands, except per share amounts): 
 
Three Months Ended
 
Nine Months Ended
 
June 28,
2014
 
June 29,
2013
 
June 28,
2014
 
June 29,
2013
Basic and Diluted Earnings Per Share:
 
 
 
 
 
 
 
Net income
$
24,584

 
$
23,204

 
$
60,763

 
$
57,795

Basic weighted average common shares outstanding
33,837

 
33,797

 
33,810

 
33,744

Dilutive effect of share-based awards outstanding
833

 
566

 
876

 
482

Diluted weighted average shares outstanding
34,670

 
34,363

 
34,686

 
34,226

Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.73

 
$
0.69

 
$
1.80

 
$
1.71

Diluted
$
0.71

 
$
0.68

 
$
1.75

 
$
1.69



For the three and nine months ended June 28, 2014, stock options and stock-settled stock appreciation rights ("SARs") for approximately 0.5 million and 0.6 million shares, respectively, were not included in the computation of diluted earnings per share because the options' and stock-settled SARs' exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive.

For both the three and nine months ended June 29, 2013, stock options and stock-settled SARs for approximately 2.0 million shares were not included in the computation of diluted earnings per share because the options' and stock-settled SARs' exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive.

The Company's stock repurchase programs impacted the number of shares outstanding for the three and nine months ended June 28, 2014 as compared to the three and nine months ended June 29, 2013. Refer to Note 12, "Shareholders' Equity" for further information on the Company's stock repurchase programs.