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Earnings Per Share (Tables)
12 Months Ended
Sep. 29, 2017
Earnings Per Share Reconciliation [Abstract]  
Earnings Per Share

The following table reconciles the denominator used to compute basic EPS to the denominator used to compute diluted EPS for the years ended September 29, 2017, September 30, 2016 and October 2, 2015 (in thousands):

 

 

 

For the Years Ended

 

 

 

 

September 29, 2017

 

 

September 30, 2016

 

 

October 2, 2015

 

 

Numerator for Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

293,727

 

 

$

210,463

 

 

$

302,971

 

 

Net income allocated to participating securities

 

 

(3,077

)

 

 

 

 

 

 

 

Net income allocated to common stock for EPS calculation

 

$

290,650

 

 

$

210,463

 

 

$

302,971

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares

 

 

119,370

 

 

 

120,133

 

 

 

125,007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock compensation plans

 

 

777

 

 

 

680

 

 

 

481

 

 

Restricted stock

 

 

1,319

 

 

 

670

 

 

 

622

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted shares

 

 

121,466

 

 

 

121,483

 

 

 

126,110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares allocated to participating securities

 

 

(1,319

)

 

 

 

 

 

 

 

Shares used for calculating diluted EPS attributable to common stock

 

 

120,147

 

 

 

121,483

 

 

 

126,110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$

2.43

 

 

$

1.75

 

 

$

2.42

 

 

Diluted EPS

 

$

2.42

 

 

$

1.73

 

 

$

2.40

 

 

 

Share Repurchases

The following table summarizes the activity under this program during fiscal 2017 (in thousands, except per-share amounts):

Amount

Authorized

(in thousands)

 

 

Average

Price Per

Share (1)

 

 

Shares

Retired

(In thousands)

 

 

Shares Repurchased

(In thousands)

 

$

500,000

 

 

$

55.60

 

 

 

1,748

 

 

 

1,748

 

 

 

(1)

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