XML 30 R19.htm IDEA: XBRL DOCUMENT v3.20.4
EARNINGS PER SHARE
 3 Months Ended
Jan. 02, 2021
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 months ended January 2, 2021 and December 28, 2019: 
 Three months ended
(in thousands, except per share data)January 2, 2021December 28, 2019
 BasicDilutedBasicDiluted
NUMERATOR:    
Net income$48,363 $48,363 $13,477 $13,477 
DENOMINATOR:    
Weighted average shares outstanding - Basic61,965 61,965 63,557 63,557 
Dilutive effect of Equity Plans775  582 
Weighted average shares outstanding - Diluted  62,740  64,139 
EPS:    
Net income per share - Basic$0.78 $0.78 $0.21 $0.21 
Effect of dilutive shares (0.01) — 
Net income per share - Diluted $0.77  $0.21