EARNINGS PER SHARE

6 Months Ended

Apr. 02, 2016

Basic income per share is calculated using the weighted average number of shares of common stock outstanding during the period. Stock options and restricted stock are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive.

The following tables reflect a reconciliation of the shares used in the basic and diluted net income per share computation for the three and six months ended April 2, 2016 and March 28, 2015:



	Three months ended
(in thousands, except per share)	April 2, 2016				March 28, 2015
	Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	5,089	$	5,089	$	7,931	$	7,931
DENOMINATOR:
Weighted average shares outstanding - Basic	70,389		70,389		76,821		76,821
Stock options			27				91
Time-based restricted stock			172				322
Market-based restricted stock			46				336
Weighted average shares outstanding - Diluted			70,634				77,570
EPS:
Net income per share - Basic	$	0.07	$	0.07	$	0.10	$	0.10
Effect of dilutive shares			—				—
Net income per share - Diluted			$	0.07			$	0.10



	Six months ended
(in thousands, except per share data)	April 2, 2016				March 28, 2015
	Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	4,998	$	4,998	$	15,773	$	15,773
DENOMINATOR:
Weighted average shares outstanding - Basic	70,563		70,563		76,855		76,855
Stock options			29				93
Time-based restricted stock			172				242
Market-based restricted stock			37				298
Weighted average shares outstanding - Diluted			70,801				77,488
EPS:
Net income per share - Basic	$	0.07	$	0.07	$	0.21	$	0.21
Effect of dilutive shares			—				0.01
Net income per share - Diluted			$	0.07			$	0.20