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EARNINGS PER COMMON SHARE | 9 Months Ended
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Jul. 01, 2023
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | EARNINGS PER COMMON SHARE The following table sets forth a reconciliation of the weighted average number of shares outstanding (in millions) used to calculate basic and diluted net income (loss) per Common Share:
| Three Months Ended |  | Nine Months Ended
| July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Net income (loss) | $ | 43.7 |  |  | $ | (443.9) |  |  | $ | 88.3 |  |  | $ | (217.5) |
Basic net income (loss) per common share |  |  |  |  |  |  |
Weighted-average common shares outstanding during the period | 56.2 |  |  | 55.4 |  |  | 55.9 |  |  | 55.6 |
Basic net income (loss) per common share | $ | 0.78 |  |  | $ | (8.01) |  |  | $ | 1.58 |  |  | $ | (3.91) |
Diluted net income (loss) per common share |  |  |  |  |  |  |
Weighted-average common shares outstanding during the period | 56.2 |  |  | 55.4 |  |  | 55.9 |  |  | 55.6 |
Dilutive potential common shares | 0.4 |  |  | — |  |  | 0.4 |  |  | — |
Weighted-average common shares outstanding during the period plus dilutive potential common shares | 56.6 |  |  | 55.4 |  |  | 56.3 |  |  | 55.6 |
Diluted net income (loss) per common share | $ | 0.77 |  |  | $ | (8.01) |  |  | $ | 1.57 |  |  | $ | (3.91) |
Antidilutive stock options outstanding | 0.2 |  | 0.2 |  |  | 0.4 |  |  | 0.2 |
Diluted average common shares used in the diluted loss per common share calculation for the three and nine months ended July 2, 2022 were 55.4 million and 55.6 million, respectively, which excluded potential Common Shares of 0.4 million and 0.6 million, respectively, because the effect of their inclusion would be anti-dilutive as the Company incurred a net loss for the three and nine months ended July 2, 2022.

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