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EAT » Topics » 3. NET INCOME PER SHARE

These excerpts taken from the EAT 10-K filed Aug 25, 2008.

(s)    Net Income Per Share

        Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options and restricted share awards, determined using the treasury stock method. We had approximately 5.8 million stock options and restricted share awards outstanding at June 25, 2008, 28,000 stock options and restricted share awards outstanding at June 27, 2007, and 885,000 stock options and restricted share awards outstanding at June 28, 2006 that were not included in the dilutive earnings per share calculation because the effect would have been antidilutive.

(s)    Net Income Per Share



        Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common
shares outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or
converted into common stock. For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options and restricted share
awards, determined using the treasury stock method. We had approximately 5.8 million stock options and restricted share awards outstanding at June 25, 2008, 28,000 stock options and
restricted share awards outstanding at June 27, 2007, and 885,000 stock options and restricted share awards outstanding at June 28, 2006 that were not included in the dilutive earnings
per share calculation because the effect would have been antidilutive.



This excerpt taken from the EAT 10-K filed Aug 27, 2007.

(s)   Net Income Per Share

        Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options and restricted share awards, determined using the treasury stock method, and convertible debt. We had approximately 28,000 stock options outstanding at June 27, 2007, 885,000 stock options outstanding at June 28, 2006, and 1.1 million stock options outstanding at June 29, 2005 that were not included in the dilutive earnings per share calculation because the effect would have been antidilutive.

F-22


        The components of basic and diluted earnings per share are as follows (in thousands, except per share amounts):

 
   2007
   2006
   2005
Income from continuing operations (w)   $ 230,049   $ 213,950   $ 158,456
Adjustment for interest on convertible debt, net of tax     —     —     2,650
   
 
 
Income from continuing operations—as adjusted (x)   $ 230,049   $ 213,950   $ 161,106
   
 
 

Basic weighted average shares outstanding (y)
 
 
121,062
 
 
128,766
 
 
132,795
Dilutive effect of stock options and restricted share awards     3,054     2,168     1,901
Dilutive effect of convertible debt     —     —     6,648
   
 
 
Diluted weighted average shares outstanding (z)     124,116     130,934     141,344
   
 
 
Basic earnings per share from continuing operations (w)/(y)   $ 1.90   $ 1.66   $ 1.19
   
 
 
Diluted earnings per share from continuing operations (x)/(z)   $ 1.85   $ 1.63   $ 1.14
   
 
 
This excerpt taken from the EAT 10-K filed Sep 12, 2005.

(o) Net Income Per Share

    Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period.  Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.  For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options determined using the treasury stock method and convertible debt.  The Company had approximately 700,000 stock options outstanding at June 29, 2005 and June 30, 2004, and 1.4 million stock options outstanding at June 25, 2003 that were not included in the dilutive earnings per share calculation because the effect would have been antidilutive.  The components of basic and diluted earnings per share are as follows:

   2005 

   2004 

   2003 

 

 

 

Net income - as reported(w)

$ 160,219

$ 150,918

$ 166,200

Adjustment for interest on convertible debt, net of tax


       2,650


            5,023


       6,313

Net income - as adjusted(x)

$ 162,869

$ 155,941

$ 172,513

 

 

 

Basic weighted average shares outstanding(y)

88,530

96,072

97,096

Dilutive effect of stock options

1,267

1,867

2,039

Dilutive effect of convertible debt

    4,432 

    7,800

    7,800


Diluted weighted average shares outstanding(z)


    94,229


   105,739


   106,935


Basic earnings per share(w)/(y)


 $    1.81


 $    1.57


 $    1.71


Diluted earnings per share (x)/(z)


 $    1.73


 $    1.48


 $    1.61

This excerpt taken from the EAT 10-Q filed May 9, 2005.

3.  NET INCOME PER SHARE

     Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period.  Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.  For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options determined using the treasury stock method and convertible debt.  The Company had approximately 73,000 and 7,000 stock options outstanding at March 30, 2005 and March 24, 2004, respectively, that were not included in the dilutive earnings per share calculation because the effect would have been antidilutive.  Additionally, the dilutive effect of the convertible debt and the related adjustment for interest is excluded from the diluted earnings per share calculation for the third quarter of fiscal 2004 because the effect would have been antidilutive.  The components of basic and diluted earnings per share are as follows:

 

Thirteen Week Periods Ended

Thirty-Nine Week Periods Ended

 March 30,

March 24,

 March 30,

March 24,

  2005

  2004

  2005

  2004

 

(as restated)

 

(as restated)

Net income (a)

$  55,144 

$             6

$    110,456 

$      87,238

Adjustment for interest on convertible debt, net of tax


         325


                -


          2,650


         3,811

Net income, as adjusted (b)

$  55,469 

$              6

$     113,106 

$      91,049

 

 

 

 

Basic weighted average shares outstanding (c)


88,109


95,973


88,458


96,510

Dilutive effect of stock options

1,445  

2,034

1,253

1,841

Dilutive effect of convertible debt

     2,215

         -

     5,910

     7,800

Diluted weighted average shares outstanding (d)


    91,769


    98,007


    95,621


   106,151

Basic earnings per share (a)/(c)

$        0.63

$         0.00

$        1.25

$         0.90

Diluted earnings per share (b)/(d)

$        0.60

$         0.00

$        1.18

$         0.86
This excerpt taken from the EAT 10-Q filed Feb 7, 2005.

3.  NET INCOME PER SHARE

     Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period.  Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.  For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options determined using the treasury stock method and convertible debt.  The Company had approximately 2.6 million and 2.9 million stock options outstanding at December 29, 2004 and December 24, 2003, respectively, that were not included in the dilutive earnings per share calculation because the effect would have been antidilutive.  The components of basic and diluted earnings per share are as follows:

Thirteen Week Periods Ended

Twenty-Six Week Periods Ended

 December 29,

December 24,

 December 29,

December 24,

  2004

  2003

  2004

  2003

 

(as restated)

 

(as restated)

Net income (a)

$  41,403 

$  43,359

$  55,312 

$  87,232

Adjustment for interest on convertible debt, net of tax

      1,164

      1,224

      2,307

      2,682

Net income, as adjusted (b)

$  42,567 

$  44,583

$  57,619 

$  89,914

 

 

 

 

Basic weighted average shares outstanding (c)


87,505


96,156


88,633


96,780

Dilutive effect of stock options

1,166  

1,575

1,166   

1,755

Dilutive effect of convertible debt

     7,800   

     7,800

     7,800   

     7,800

Diluted weighted average shares outstanding (d)


    96,471


   105,531


    97,599

 
  106,335

Basic earnings per share (a)/(c)

$    0.47 

$    0.45

$    0.62 

$    0.90

Diluted earnings per share (b)/(d)

$    0.44 

$    0.42

$    0.59 

$    0.85

 

This excerpt taken from the EAT 10-K filed Jan 20, 2005.

(m) Net Income Per Share

      Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period.  Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.  For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options determined using the treasury stock method.  The Company had approximately 700,000, 1.4 million, and 1.9 million stock options outstanding at June 30, 2004, June 25, 2003, and June 26, 2002, respectively, that were not included in the dilutive earnings per share calculation because the effect would have been antidilutive.  The Company's contingently convertible debt securities are not considered for purposes of diluted earnings per share unless the required conversion criteria have been met.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Aug 25, 2008
10-K
Aug 27, 2007
10-K
Sep 12, 2005
10-Q
May 9, 2005
10-Q
Feb 7, 2005
10-K
Jan 20, 2005

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