Earnings Per Share ("EPS")

9 Months Ended

Jul. 03, 2011

3. Earnings Per Share ("EPS")

Basic EPS is based on the weighted average outstanding common shares. Diluted EPS is based on the weighted average outstanding common shares adjusted by the dilutive effect of potential common stock resulting from the operation of the Company's equity incentive plans.

The following table details the computation of EPS (in thousands except per share data):

13 Weeks Ended 39 Weeks Ended

July 3,
2011 June 27,
2010 July 3,
2011 June 27,
2010

Basic EPS:

Net income attributable to Ruddick Corporation $ 32,098 $ 28,870 $ 100,137 $ 80,080

Weighted average common shares outstanding 48,489 48,252 48,460 48,180

Basic EPS $ 0.66 $ 0.60 $ 2.07 $ 1.66

Diluted EPS:

Net income attributable to Ruddick Corporation $ 32,098 $ 28,870 $ 100,137 $ 80,080

Weighted average common shares outstanding 48,489 48,252 48,460 48,180

Net potential common share equivalents - stock options 26 66 28 87

Net potential common share equivalents - stock awards 359 310 342 291

Weighted average common shares outstanding - diluted 48,874 48,628 48,830 48,558

Diluted EPS $ 0.66 $ 0.59 $ 2.05 $ 1.65

13 Weeks Ended 39 Weeks Ended

July 3,
2011 June 27,
2010 July 3,
2011 June 27,
2010

Excluded from the calculation of common share equivalents:

Anti-dilutive common share equivalents - stock options - 10 - 10

Anti-dilutive common share equivalents - stock awards - - - -

Stock awards that are based on performance are excluded from the calculation of potential common share equivalents until the performance criteria are met. Accordingly, the impact of 147,000 performance shares for each of the periods ended July 3, 2011 and 140,000 performance shares for each of the periods ended June 27, 2010 were excluded from the computation of diluted shares.