3. Earnings Per Share

9 Months Ended

Jul. 04, 2012

Notes to Financial Statements

3. Earnings Per Share

Note 3. Earnings Per Share

Earnings per share of common stock is based on the weighted average number of shares outstanding during the year. For financial reporting purposes all common shares of the Company held by the consolidated affiliated partnerships are recorded in treasury stock on the consolidated balance sheet. For purposes of computing the weighted average common shares outstanding, the shares of treasury stock attributable to the unrelated limited partners of the consolidated affiliated partnerships — based on their proportional ownership during the period — are considered outstanding shares.

The following table presents a reconciliation of basic and diluted weighted average common shares.

	Twelve Weeks Ended		Forty Weeks Ended
	July 4,	July 6,	July 4,	July 6,
	2012	2011	2012	2011
Basic earnings per share:
Weighted average common shares	1,334,339	1,331,434	1,333,880	1,328,666
Diluted earnings per share:
Weighted average common shares	1,334,339	1,331,434	1,333,880	1,328,666
Dilutive effect of stock awards	3,199	4,819	3,319	8,185
Weighted average common and incremental shares	1,337,538	1,336,253	1,337,199	1,336,851
Number of share-based awards excluded from the calculation of earnings per share as the awards’ exercise prices were greater than the average market price of the Company’s common stock	705	963	705	963