Earnings Per Share

9 Months Ended

Jul. 02, 2011

Earnings Per Share

Earnings Per Share

NOTE 6 - 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
	July 2,  2011	July 3, 2010	July 2, 2011	July 3, 2010
Basic and Diluted Earnings Per Share:
Net income	$     22,040	$     24,368	$     70,933	$     62,926
Basic weighted average common shares outstanding	37,021	40,337	39,135	39,935
Dilutive effect of stock options outstanding	839	871	788	818
Diluted weighted average shares outstanding	37,860	41,208	39,923	40,753
Earnings per share:
Basic	$         0.60	$         0.60	$         1.81	$         1.58
Diluted	$         0.58	$         0.59	$         1.78	$         1.54

               For the three and nine months ended July 2, 2011, stock options and stock-settled stock appreciation rights ("SARs") related to approximately 1.1 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 stock-settled SARs' exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be antidilutive.

               For the three and nine months ended July 3, 2010, stock options and stock-settled SARs related to approximately 0.8 million and 1.1 million shares, respectively, were outstanding but 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 antidilutive.