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Earnings Per Share
3 Months Ended
Jan. 03, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for the three months ended January 3, 2015 and December 28, 2013 (in thousands, except per share amounts):
 
Three Months Ended
 
January 3,
2015
 
December 28,
2013
Basic and Diluted Earnings Per Share:
 
 
 
Net income
$
23,079

 
$
17,663

Basic weighted average common shares outstanding
33,602

 
33,730

Dilutive effect of share-based awards outstanding
837

 
963

Diluted weighted average shares outstanding
34,439

 
34,693

Earnings per share:
 
 
 
Basic
$
0.69

 
$
0.52

Diluted
$
0.67

 
$
0.51


For the three months ended January 3, 2015, and December 28, 2013, stock options and stock-settled stock appreciation rights ("SARs") for approximately 0.6 million and 0.5 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.
The Company's stock repurchase programs impacted the number of shares outstanding for the three months ended January 3, 2015 as compared to the three months ended December 28, 2013. Refer to Note 12, "Shareholders' Equity", for further information on the Company's stock repurchase programs.