Net Income (Loss) Per Share

9 Months Ended

Jun. 25, 2016

Net Income Per Share

A reconciliation of basic and diluted share amounts is as follows:



	Three Months Ended		Nine Months Ended
	June 25, 2016	June 27, 2015	June 25, 2016	June 27, 2015
Basic weighted average common shares outstanding	277,853	281,184	281,101	280,064
Weighted average common stock equivalents from assumed exercise of stock options and stock units	2,399	3,108	2,603	2,688
Incremental shares from Convertible Notes premium	2,050	8,320	3,673	5,038
Diluted weighted average common shares outstanding	282,302	292,612	287,377	287,790
Weighted-average anti-dilutive shares related to:
Outstanding stock options	1,149	168	996	1,939
Stock units	15	4	77	63

The Company has outstanding Convertible Notes, and the principal balance and any conversion premium may be satisfied, at the Company’s option, by issuing shares of common stock, cash or a combination of shares and cash. The Company's current policy is that it will settle the principal balance of the Convertible Notes in cash. As such, the Company applies the treasury stock method to these securities and the dilution related to the conversion premium of the 2010, 2012 and 2013 Notes is included in the calculation of diluted weighted-average shares outstanding to the extent each issuance is dilutive based on the average stock price during each reporting period being greater than the conversion price of the respective Notes.