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EARNINGS PER SHARE
 3 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
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 months ended December 31, 2016 and January 2, 2016: 
 
 
Three months ended
(in thousands, except per share data)
 
December 31, 2016
 
January 2, 2016
 
 
Basic
 
Diluted
 
Basic
 
Diluted
NUMERATOR:
 
 

 
 

 
 

 
 

Net income / (loss)
 
$
15,583

 
$
15,583

 
$
(91
)
 
$
(91
)
DENOMINATOR:
 
 

 
 

 
 

 
 

Weighted average shares outstanding - Basic
 
70,854

 
70,854

 
70,738

 
70,738

Stock options
 
 
 
25

 
 

 
—

Time-based restricted stock
 
 
 
317

 
 

 
—

Market-based restricted stock
 
 
 
567

 
 

 
—

Weighted average shares outstanding - Diluted
 
 

 
71,763

 
 

 
70,738

EPS:
 
 

 
 

 
 

 
 

Net income per share - Basic
 
$
0.22

 
$
0.22

 
$
—

 
$
—

Effect of dilutive shares
 
 

 
—

 
 

 
—

Net income per share - Diluted
 
 

 
$
0.22

 
 

 
$
—