Average Shares Outstanding

12 Months Ended

Sep. 29, 2019

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 nonvested stock awards and units, stock options, 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 each fiscal year (in thousands):



	2019	2018	2017
Weighted-average shares outstanding — basic	25,823	28,499	30,630
Effect of potentially dilutive securities:
Nonvested stock awards and units	211	240	182
Stock options	10	40	59
Performance share awards	24	28	43
Weighted-average shares outstanding — diluted	26,068	28,807	30,914
Excluded from diluted weighted-average shares outstanding:
Antidilutive	186	150	76
Performance conditions not satisfied at the end of the period	65	44	53