EARNINGS PER SHARE

9 Months Ended

Jun. 29, 2019

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 June 29, 2019 and June 30, 2018:



	Three months ended
(in thousands, except per share data)	June 29, 2019				June 30, 2018
	Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	1,287	$	1,287	$	60,256	$	60,256
DENOMINATOR:
Weighted average shares outstanding - Basic	64,683		64,683		69,125		69,125
Dilutive effect of Equity Plans			748				1,177
Weighted average shares outstanding - Diluted			65,431				70,302
EPS:
Net income per share - Basic	$	0.02	$	0.02	$	0.87	$	0.87
Effect of dilutive shares			—				(0.01		)
Net income per share - Diluted			$	0.02			$	0.86



	Nine months ended
(in thousands, except per share data)	June 29, 2019				June 30, 2018
	Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	5,249	$	5,249	$	27,041	$	27,041
DENOMINATOR:
Weighted average shares outstanding - Basic	65,914		65,914		70,019		70,019
Dilutive effect of Equity Plans			683				1,094
Weighted average shares outstanding - Diluted			66,597				71,113
EPS:
Net income per share - Basic	$	0.08	$	0.08	$	0.39	$	0.39
Effect of dilutive shares			—				(0.01		)
Net income per share - Diluted			$	0.08			$	0.38