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EARNINGS PER SHARE
12 Months Ended
Sep. 29, 2018
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 fiscal 2018, 2017, and 2016
 
 
Fiscal
(in thousands, except per share)
 
2018
 
2017
 
2016
 
 
Basic
 
Diluted
 
Basic
 
Diluted
 
Basic
 
Diluted
NUMERATOR:
 
 

 
 

 
 

 
 

 
 
 
 
Net income
 
$
56,676

 
$
56,676

 
$
126,099

 
$
126,099

 
$
48,455

 
$
48,455

DENOMINATOR:
 
 
 
 

 
 
 
 

 
 
 
 
Weighted average shares outstanding - Basic
 
69,380

 
69,380

 
70,906

 
70,906

 
70,477

 
70,477

Stock options
 
 
 
1

 
 
 
19

 
 
 
32

Time-based restricted stock
 
 
 
402

 
 
 
592

 
 
 
274

Market-based restricted stock
 
 
 
636

 
 
 
546

 
 
 
58

Weighted average shares outstanding - Diluted
 
 
 
70,419

 
 
 
72,063

 
 
 
70,841

EPS:
 
 
 
 

 
 
 
 

 
 
 
 
Net income per share - Basic
 
$
0.82

 
$
0.82

 
$
1.78

 
$
1.78

 
$
0.69

 
$
0.69

Effect of dilutive shares
 
 
 
$
(0.02
)
 
 
 
$
(0.03
)
 
 
 
$
(0.01
)
Net income per share - Diluted
 
 
 
$
0.80

 
 
 
$
1.75

 
 
 
$
0.68