Average Shares Outstanding

9 Months Ended

Jul. 03, 2016

Weighted Average Number of Shares Outstanding, Diluted [Abstract]

AVERAGE SHARES OUTSTANDING

Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive common shares include stock options, nonvested stock awards and units and non-management director stock equivalents. Performance share awards are included in the average diluted shares outstanding each period if the performance criteria have been met at the end of the respective periods.

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding (in thousands):



	Quarter		Year-to-date
	July 3, 2016	July 5, 2015	July 3, 2016	July 5, 2015
Weighted-average shares outstanding – basic	32,642	37,106	34,073	37,980
Effect of potentially dilutive securities:
Stock options	145	213	161	301
Nonvested stock awards and units	176	196	182	197
Performance share awards	53	146	53	152
Weighted-average shares outstanding – diluted	33,016	37,661	34,469	38,630
Excluded from diluted weighted-average shares outstanding:
Antidilutive	170	99	176	85
Performance conditions not satisfied at the end of the period	61	23	61	17