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EARNINGS PER SHARE | 9 Months Ended
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Jun. 27, 2015
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic income 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. Diluted income 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 per share computation for the three and nine months ended June 27, 2015 and June 28, 2014:
|  | Three months ended
(in thousands, except per share) |  | June 27, 2015 |  | June 28, 2014
|  | Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |  |
Net income |  | $ | 25,039 |  |  | $ | 25,039 |  |  | $ | 26,616 |  |  | $ | 26,616 |
Less: income applicable to participating securities |  | — |  |  | — |  |  | — |  |  | — |
Net income applicable to common shareholders |  | $ | 25,039 |  |  | $ | 25,039 |  |  | $ | 26,616 |  |  | $ | 26,616 |
DENOMINATOR: |  |  |  |  |  |  |  |
Weighted average shares outstanding - Basic |  | 75,420 |  |  | 75,420 |  |  | 76,596 |  |  | 76,596 |
Stock options |  |  |  | 67 |  |  |  |  | 117 |
Time-based restricted stock |  |  |  | 336 |  |  |  |  | 442 |
Market-based restricted stock |  |  |  | 68 |  |  |  |  | 450 |
Weighted average shares outstanding - Diluted |  |  |  | 75,891 |  |  |  |  | 77,605 |
EPS: |  |  |  |  |  |  |  |
Net income per share - Basic |  | $ | 0.33 |  |  | $ | 0.33 |  |  | $ | 0.35 |  |  | $ | 0.35 |
Effect of dilutive shares |  |  |  | — |  |  |  |  | (0.01 | )
Net income per share - Diluted |  |  |  | $ | 0.33 |  |  |  |  | $ | 0.34 |
|  | Nine months ended
(in thousands, except per share data) |  | June 27, 2015 |  | June 28, 2014
|  | Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 40,812 |  |  | $ | 40,812 |  |  | $ | 33,729 |  |  | $ | 33,729 |
Less: income applicable to participating securities |  | — |  |  | — |  |  | — |  |  | — |
Net income applicable to common shareholders |  | $ | 40,812 |  |  | $ | 40,812 |  |  | $ | 33,729 |  |  | $ | 33,729 |
DENOMINATOR: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - Basic |  | 76,376 |  |  | 76,376 |  |  | 76,308 |  |  | 76,308 |
Stock options |  |  |  | 84 |  |  |  |  |  | 114 |
Time-based restricted stock |  |  |  | 269 |  |  |  |  |  | 345 |
Market-based restricted stock |  |  |  | 49 |  |  |  |  |  | 319 |
Weighted average shares outstanding - Diluted |  |  |  |  | 76,778 |  |  |  |  |  | 77,086 |
EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income per share - Basic |  | $ | 0.53 |  |  | $ | 0.53 |  |  | $ | 0.44 |  |  | $ | 0.44 |
Effect of dilutive shares |  |  |  |  | — |  |  |  |  |  | — |
Net income per share - Diluted |  |  |  |  | $ | 0.53 |  |  |  |  |  | $ | 0.44 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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