XML 43 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Average Shares Outstanding
 12 Months Ended
Sep. 27, 2020
Weighted Average Number of Shares Outstanding, Diluted [Abstract]  
Average Shares Outstanding 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):
202020192018
Weighted-average shares outstanding — basic23,125 25,823 28,499 
Effect of potentially dilutive securities:
Nonvested stock awards and units137 211 240 
Stock options— 10 40 
Performance share awards7 24 28 
Weighted-average shares outstanding — diluted23,269 26,068 28,807 
Excluded from diluted weighted-average shares outstanding:
Antidilutive318 186 150 
Performance conditions not satisfied at the end of the period14 65 44