Earnings Per Share

12 Months Ended

Sep. 30, 2016

Earnings Per Share Reconciliation [Abstract]

4. Earnings Per Share

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):

	2016		2015		2014
Shares used to calculate EPS:
Weighted average shares outstanding (denominator used to compute basic EPS)		120,133		125,007		130,483
Diluted effect of stock options and restricted stock		1,350		1,103		1,888
Denominator used to compute diluted EPS		121,483		126,110		132,371
Antidilutive stock options and restricted stock		2,142		3,237		2,074

Share Repurchases

On July 23, 2015, the Board of Directors approved a share repurchase program up to $500 million of the Company's common stock over the ensuing three years (the "2015 Share Repurchase Program"). 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 expires on July 22, 2018. The timing of shares repurchases may depend upon market conditions, other uses of capital, and other factors.

The following table summarizes the activity under this program during fiscal 2016 (in thousands, except per-share amounts):

Amount

Authorized

(in thousands)

Average

Price Per

Share (1)

Total

Retired

(In thousands)

Shares Repurchased

(In thousands)

2016

500,000

44.76

3,408

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