EARNINGS PER SHARE

9 Months Ended

Jul. 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 nine months ended July 1, 2017 and July 2, 2016:



	Three months ended
(in thousands, except per share data)	July 1, 2017				July 2, 2016
	Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	30,811	$	30,811	$	31,785	$	31,785
DENOMINATOR:
Weighted average shares outstanding - Basic	71,063		71,063		70,379		70,379
Stock options			17				32
Time-based restricted stock			669				331
Market-based restricted stock			734				101
Weighted average shares outstanding - Diluted			72,483				70,843
EPS:
Net income per share - Basic	$	0.43	$	0.43	$	0.45	$	0.45
Effect of dilutive shares			—				—
Net income per share - Diluted			$	0.43			$	0.45



	Nine months ended
(in thousands, except per share data)	July 1, 2017					July 2, 2016
	Basic		Diluted			Basic		Diluted
NUMERATOR:
Net income	$	75,435	$	75,435		$	36,783	$	36,783
DENOMINATOR:
Weighted average shares outstanding - Basic	70,960		70,960			70,502		70,502
Stock options			21					30
Time-based restricted stock			546					196
Market-based restricted stock			642					74
Weighted average shares outstanding - Diluted			72,169					70,802
EPS:
Net income per share - Basic	$	1.06	$	1.06		$	0.52	$	0.52
Effect of dilutive shares			(0.01		)			—
Net income per share - Diluted			$	1.05				$	0.52