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EARNINGS PER SHARE | 12 Months Ended
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Oct. 02, 2021
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHAREBasic 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 table reflects a reconciliation of the shares used in the basic and diluted net income per share computation for fiscal 2021, 2020, and 2019:
|  | Fiscal
(in thousands, except per share) |  | 2021 |  | 2020 |  | 2019
|  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 367,161 |  |  | $ | 367,161 |  |  | $ | 52,300 |  |  | $ | 52,300 |  |  | $ | 11,653 |  |  | $ | 11,653 |
DENOMINATOR: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - Basic |  | 62,009 |  |  | 62,009 |  |  | 62,828 |  |  | 62,828 |  |  | 65,286 |  |  | 65,286 |
Dilutive effect of Equity Plans |  |  |  | 1,506 |  |  |  |  | 531 |  |  |  |  | 662 |
Weighted average shares outstanding - Diluted |  |  |  | 63,515 |  |  |  |  | 63,359 |  |  |  |  | 65,948 |
EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income per share - Basic |  | $ | 5.92 |  |  | $ | 5.92 |  |  | $ | 0.83 |  |  | $ | 0.83 |  |  | $ | 0.18 |  |  | $ | 0.18 |
Effect of dilutive shares |  |  |  | $ | (0.14) |  |  |  |  | $ | — |  |  |  |  | $ | — |
Net income per share - Diluted |  |  |  | $ | 5.78 |  |  |  |  | $ | 0.83 |  |  |  |  | $ | 0.18 |

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