Note 11 Earnings Per Share

6 Months Ended

Mar. 31, 2018

Earnings Per Share

Basic and diluted per share amounts are calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period, as follows:



	Three Months Ended				Six Months Ended
	March 31, 2018		April 1, 2017		March 31, 2018			April 1, 2017
	(In thousands, except per share data)
Numerator:
Net income (loss)	$	24,632	$	31,717	$	(130,278	)	$	76,581

Denominator:
Weighted average common shares outstanding	70,441		74,761		71,096			74,156
Effect of dilutive stock options and restricted stock units	3,141		3,103		—			3,375
Denominator for diluted earnings per share	73,582		77,864		71,096			77,531

Net income (loss) per share:
Basic	$	0.35	$	0.42	$	(1.83	)	$	1.03
Diluted	$	0.33	$	0.41	$	(1.83	)	$	0.99

The Company reported a net loss of $130.3 million for the first half of 2018 and, as such, 3.5 million potentially dilutive securities have been excluded from the calculation of diluted earnings per share for the six months ended March 31, 2018.