EARNINGS PER SHARE

6 Months Ended

Apr. 01, 2017

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 1, 2017 and April 2, 2016:



	Three months ended
(in thousands, except per share data)	April 1, 2017					April 2, 2016
	Basic		Diluted			Basic		Diluted
NUMERATOR:
Net income	$	29,041	$	29,041		$	5,089	$	5,089
DENOMINATOR:
Weighted average shares outstanding - Basic	70,964		70,964			70,389		70,389
Stock options			19					27
Time-based restricted stock			612					172
Market-based restricted stock			675					46
Weighted average shares outstanding - Diluted			72,270					70,634
EPS:
Net income per share - Basic	$	0.41	$	0.41		$	0.07	$	0.07
Effect of dilutive shares			(0.01		)			—
Net income per share - Diluted			$	0.40				$	0.07



	Six months ended
(in thousands, except per share data)	April 1, 2017					April 2, 2016
	Basic		Diluted			Basic		Diluted
NUMERATOR:
Net income	$	44,624	$	44,624		$	4,998	$	4,998
DENOMINATOR:
Weighted average shares outstanding - Basic	70,909		70,909			70,563		70,563
Stock options			23					29
Time-based restricted stock			510					172
Market-based restricted stock			597					37
Weighted average shares outstanding - Diluted			72,039					70,801
EPS:
Net income per share - Basic	$	0.63	$	0.63		$	0.07	$	0.07
Effect of dilutive shares			(0.01		)			—
Net income per share - Diluted			$	0.62				$	0.07