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EARNINGS PER SHARE
3 Months Ended
Dec. 27, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic income (loss) per share is calculated using the weighted average number of shares of common stock outstanding during the period. Stock options and restricted stock are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive. For the three months ended December 28, 2013, 0.1 million stock options and 0.8 million restricted stocks were excluded due to the Company's net loss.
Diluted income (loss) per share is calculated using the weighted average number of shares of common stock outstanding during the period and, if there is net income during the period, the dilutive impact of common stock equivalents outstanding during the period.
The following tables reflect a reconciliation of the shares used in the basic and diluted net income (loss) per share computation for the three months ended December 27, 2014 and December 28, 2013
 
 
Three months ended
(in thousands, except per share data)
 
December 27, 2014
 
December 28, 2013
 
 
Basic
 
Diluted
 
Basic
 
Diluted
NUMERATOR:
 
 

 
 

 
 

 
 

Net income / (loss)
 
$
7,842

 
$
7,842

 
$
(1,957
)
 
$
(1,957
)
DENOMINATOR:
 
 

 
 

 
 

 
 

Weighted average shares outstanding - Basic
 
76,888

 
76,888

 
75,912

 
75,912

Stock options
 
 
 
94

 
 

 

Time-based restricted stock
 
 
 
213

 
 

 

Market-based restricted stock
 
 
 
237

 
 

 

Weighted average shares outstanding - Diluted
 
 

 
77,432

 
 

 
75,912

EPS:
 
 

 
 

 
 

 
 

Net income / (loss) per share - Basic
 
$
0.10

 
$
0.10

 
$
(0.03
)
 
$
(0.03
)
Effect of dilutive shares
 
 

 

 
 

 

Net income / (loss) per share - Diluted
 
 

 
$
0.10

 
 

 
$
(0.03
)