Earnings (Loss) Per Share

3 Months Ended

Dec. 31, 2021

EARNINGS (LOSS) PER SHARE

The following table sets forth the computation for basic and diluted net income (loss) per share of common stock (in thousands, except per share data):


	Three Months Ended
	December 31, 2021		January 1, 2021
Numerator:


Net income (loss) attributable to common stockholders	$	138,827	$	(8,968)
Denominator:
Weighted average common shares outstanding-basic	69,400		67,756
Dilutive effect of stock options, restricted stock and restricted stock units	1,824		—
Weighted average common shares outstanding-diluted	71,224		67,756

Net income (loss) to common stockholders per share-Basic:	$	2.00	$	(0.13)
Net income (loss) to common stockholders per share-Diluted:	$	1.95	$	(0.13)

During the three months ended January 1, 2021, we had warrants outstanding which were measured at fair value. When calculating earnings per share, we are required to adjust for the dilutive effect of outstanding common stock equivalents, including adjustment to the numerator for the dilutive effect of contracts that must be settled in stock, including warrants. The table above excludes the effects of 2,004,621 shares for the three months ended January 1, 2021 of potential shares of common stock issuable upon exercise of stock options, warrants, and the vesting of restricted stock and restricted stock units, as applicable, as the inclusion would be antidilutive. The 2026 Convertible Notes do not have an impact on diluted earnings (loss) per share for the three months ended December 31, 2021.