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EARNINGS PER SHARE
3 Months Ended
Dec. 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. For the three months ended December 30, 20171.2 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 29, 2018 and December 30, 2017
 
Three months ended
(in thousands, except per share data)
December 29, 2018
 
December 30, 2017
 
Basic
 
Diluted
 
Basic
 
Diluted
NUMERATOR:
 

 
 

 
 

 
 

Net income/(loss)
$
7,517

 
$
7,517

 
$
(69,528
)
 
$
(69,528
)
DENOMINATOR:
 

 
 

 
 

 
 

Weighted average shares outstanding - Basic
67,176

 
67,176

 
70,577

 
70,577

Dilutive effect of Equity Plans
 
 
675

 
 
 

Weighted average shares outstanding - Diluted
 

 
67,851

 
 

 
70,577

EPS:
 

 
 

 
 

 
 

Net income/(loss) per share - Basic
$
0.11

 
$
0.11

 
$
(0.99
)
 
$
(0.99
)
Effect of dilutive shares
 

 

 
 

 

Net income/(loss) per share - Diluted
 

 
$
0.11

 
 

 
$
(0.99
)