Earnings Per Share

12 Months Ended

Oct. 02, 2015

Earnings Per Share Reconciliation [Abstract]

Basic and Diluted Earnings Per Share

The following table (i) reconciles the denominator used to compute Basic EPS to the denominator used to compute Diluted EPS for each of the last three fiscal years, and (ii) discloses the number of antidilutive stock options, shares of restricted stock, and restricted stock units outstanding at the end of each of the fiscal years indicated (in thousands):



	2015	2014	2013
Shares used to calculate EPS:
Weighted average shares outstanding (denominator used to compute basic EPS)	125,007	130,483	129,288
Effect of stock options and restricted stock	1,103	1,888	1,657
Denominator used to compute diluted EPS	126,110	132,371	130,945
Antidilutive stock options, shares of restricted stock, and restricted stock units	3,237	2,074	2,603

Share Repurchases

On August 19, 2014, the Company's Board of Directors authorized a share repurchase program of up to $500 million of the Company's common stock over a three year period (the "2014 Share Repurchase Program"). As of October 2, 2015, the Company exhausted the repurchase capacity under the authorization. As authorized, share repurchases may be executed through various means including, without limitation, open market transactions, privately negotiated transactions or otherwise. The share repurchase program did not obligate the Company to purchase any shares, and would have expired on August 19, 2017.

The following table summarizes the activity under this program during fiscal 2015 (in thousands, except per-share amounts):



Amount Authorized (in thousands)		Average Price Per Share (1)		Total Shares Retired		Shares Repurchased 2015
$	500,000	$	43.33	9,746	422,315,657	9,746


(1)	Includes commissions paid and calculated as the average price per share since the repurchase

program authorization date.

On July 23, 2015, the Board of Directors approved a program to purchase up to an additional $500 million of the Company's common stock over the next three years (the "2015 Share Repurchase Program"). The new share repurchase authorization is subject to the same general terms and conditions as the prior share repurchase authorization summarized above.