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Earnings Per Share and Certain Related Information (Tables)
3 Months Ended
Dec. 30, 2016
Earnings Per Share Reconciliation [Abstract]  
Earnings Per Share

The following table (i) reconciles the denominator used to compute basic earnings per share (“EPS”) to the denominator used to compute diluted EPS for the three months ended December 30, 2016 and January 1, 2016; (ii) provides information regarding the number of non-qualified stock options and shares of restricted stock that were antidilutive and therefore disregarded in calculating the weighted average number of shares outstanding used in computing diluted EPS; and (iii) provides the number of shares of common stock issued from the exercise of stock options and the release of restricted stock (in thousands):

 

 

 

For the Three Months Ended

 

 

 

December 30, 2016

 

 

January 1, 2016

 

Diluted:

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

119,438

 

 

 

120,888

 

Dilutive potential common shares (1)

 

 

2,413

 

 

 

1,071

 

Diluted weighted average shares outstanding

 

 

121,851

 

 

 

121,959

 

 

 

 

 

 

 

 

 

 

Antidilutive stock options and restricted stock

 

 

540

 

 

 

4,011

 

Shares of common stock issued from the exercise of

stock options and the release of restricted stock

 

 

1,086

 

 

 

287

 

 

(1)

Diluted earnings per share includes any dilutive impact of stock options, restricted stock units, performance-based restricted stock units and performance awards.

Share Repurchases

The following table summarizes the activity under this program from the authorization date (in thousands, except per-share amounts):

 

Amount Authorized

 

 

Average Price Per

Share (1)

 

 

Total Shares

Retired

 

 

Shares

Repurchased

 

$

500,000

 

 

$

46.09

 

 

 

3,965

 

 

 

3,965

 

 

(1)

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