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Earnings Per Common Share (Tables)
9 Months Ended
Jun. 29, 2013
Earnings Per Common Share [Abstract]  
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share

For the three months ended June 29, 2013, 11,227,553 shares of convertible Class B Common Stock were not included in the diluted earnings per share calculation.  The tables below reconcile the numerators and denominators of basic and diluted earnings per share for current and prior periods.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

June 29, 2013

 

June 29, 2013

 

 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

               

 

 

 

 

 

 

 

 

 

Net income (loss) allocated, basic

 

$

(8,081,085)

 

$

(6,343,138)

 

$

2,904,941 

 

$

2,328,639 

Conversion of Class B to Class A shares

 

  

 —

 

 

 —

 

 

2,328,639 

 

 

 —

Net income (loss) allocated, diluted

 

$

(8,081,085)

 

$

(6,343,138)

 

$

5,233,580 

 

$

2,328,639 

 

 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

12,982,792 

 

 

11,227,533 

 

 

12,966,377 

 

 

11,276,916 

Conversion of Class B to Class A shares

 

  

 —

 

 

 —

 

 

11,276,916 

 

 

 —

Weighted average shares outstanding, diluted

 

  

12,982,792 

 

 

11,227,533 

 

 

24,243,293 

 

 

11,276,916 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.62)

 

$

(0.56)

 

$

0.23 

 

$

0.21 

Diluted

 

$

(0.62)

 

$

(0.56)

 

$

0.21 

 

$

0.21 

 

The per share amounts for the third quarter of fiscal 2012 and the nine months ended June 23, 2012 are based on the following amounts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Three Months Ended

 

Nine Months Ended

 

 

June 23, 2012

 

June 23, 2012

 

 

Class A

 

Class B

 

Class A

 

Class B

Numerator: Allocated net income

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated, basic

 

$

7,273,195 

 

$

5,785,411 

 

$

16,759,202 

 

$

13,408,695 

Conversion of Class B to Class A shares

 

  

5,785,411 

 

 

 

 

13,408,695 

 

 

Net income allocated, diluted

 

$

13,058,606 

 

$

5,785,411 

 

$

30,167,897 

 

$

13,408,695 

 

 

  

 

 

 

 

 

 

 

 

 

 

Denominator: Weighted average shares outstanding

 

  

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

  

12,938,635 

 

 

11,321,141 

 

 

12,934,803 

 

 

11,381,651 

Conversion of Class B to Class A shares

 

  

11,321,141 

 

 

 

 

11,381,651 

 

 

Weighted average shares outstanding, diluted

 

  

24,259,776 

 

 

11,321,141 

 

 

24,316,454 

 

 

11,381,651 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.56 

 

$

0.51 

 

$

1.29 

 

$

1.18 

Diluted

 

$

0.54 

 

$

0.51 

 

$

1.24 

 

$

1.18