EARNINGS PER SHARE

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share (in thousands, except per share amounts):



	Three Months Ended				Nine Months Ended
	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Basic and Diluted Earnings Per Share:
Net income	$	24,584	$	23,204	$	60,763	$	57,795
Basic weighted average common shares outstanding	33,837		33,797		33,810		33,744
Dilutive effect of share-based awards outstanding	833		566		876		482
Diluted weighted average shares outstanding	34,670		34,363		34,686		34,226
Earnings per share:
Basic	$	0.73	$	0.69	$	1.80	$	1.71
Diluted	$	0.71	$	0.68	$	1.75	$	1.69

For the three and nine months ended June 28, 2014, stock options and stock-settled stock appreciation rights ("SARs") for approximately 0.5 million and 0.6 million shares, respectively, were not included in the computation of diluted earnings per share because the options' and stock-settled SARs' exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive.

For both the three and nine months ended June 29, 2013, stock options and stock-settled SARs for approximately 2.0 million shares were not included in the computation of diluted earnings per share because the options' and stock-settled SARs' exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive.

The Company's stock repurchase programs impacted the number of shares outstanding for the three and nine months ended June 28, 2014 as compared to the three and nine months ended June 29, 2013. Refer to Note 12, "Shareholders' Equity" for further information on the Company's stock repurchase programs.