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EARNINGS PER SHARE
 3 Months Ended
Dec. 30, 2017
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. For the three months ended December 30, 2017, 1.2 million shares of stock options and restricted stock were excluded due to the Company's net loss.
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 30, 2017 and December 31, 2016: 
 
 
 
 
 
 
 
 
  
 
Three months ended
(in thousands, except per share data)
December 30, 2017
 
December 31, 2016
 
Basic
 
Diluted
 
Basic
 
Diluted
NUMERATOR:
 

 
 

 
 

 
 

Net (loss)/income
$
(69,337
)
 
$
(69,337
)
 
$
15,583

 
$
15,583

DENOMINATOR:
 

 
 

 
 

 
 

Weighted average shares outstanding - Basic
70,577

 
70,577

 
70,854

 
70,854

Stock options
 
 
—

 
 

 
25

Time-based restricted stock
 
 
—

 
 

 
317

Market-based restricted stock
 
 
—

 
 

 
567

Weighted average shares outstanding - Diluted
 

 
70,577

 
 

 
71,763

EPS:
 

 
 

 
 

 
 

Net (loss)/income per share - Basic
$
(0.98
)
 
$
(0.98
)
 
$
0.22

 
$
0.22

Effect of dilutive shares
 

 
—

 
 

 
—

Net (loss)/income per share - Diluted
 

 
$
(0.98
)
 
 

 
$
0.22