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EARNINGS PER SHARE
9 Months Ended
Jun. 27, 2020
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 the three and nine months ended June 27, 2020 and June 29, 2019
 
Three months ended
(in thousands, except per share data)
June 27, 2020
 
June 29, 2019
 
Basic
 
Diluted
 
Basic
 
Diluted
NUMERATOR:
 

 
 

 
 

 
 

Net income
$
11,151

 
$
11,151

 
$
1,287

 
$
1,287

DENOMINATOR:
 

 
 

 
 

 
 

Weighted average shares outstanding - Basic
62,313

 
62,313

 
64,683

 
64,683

Dilutive effect of Equity Plans
 
 
520

 
 
 
748

Weighted average shares outstanding - Diluted
 

 
62,833

 
 

 
65,431

EPS:
 

 
 

 
 

 
 

Net income per share - Basic
$
0.18

 
$
0.18

 
$
0.02

 
$
0.02

Effect of dilutive shares
 

 

 
 

 

Net income per share - Diluted
 

 
$
0.18

 
 

 
$
0.02

  
 
Nine months ended
(in thousands, except per share data)
June 27, 2020
 
June 29, 2019
 
Basic
 
Diluted
 
Basic
 
Diluted
NUMERATOR:
 

 
 

 
 

 
 

Net income
$
36,516

 
$
36,516

 
$
5,249

 
$
5,249

DENOMINATOR:
 

 
 

 
 

 
 

Weighted average shares outstanding - Basic
63,200

 
63,200

 
65,914

 
65,914

Dilutive effect of Equity Plans
 
 
555

 
 

 
683

Weighted average shares outstanding - Diluted
 

 
63,755

 
 

 
66,597

EPS:
 

 
 

 
 

 
 

Net income per share - Basic
$
0.58

 
$
0.58

 
$
0.08

 
$
0.08

Effect of dilutive shares
 

 
(0.01
)
 
 

 

Net income per share - Diluted
 

 
$
0.57

 
 

 
$
0.08