EARNINGS PER SHARE (Tables)

6 Months Ended

Apr. 03, 2021

Reconciliation of shares used in the basic and diluted net income per share computation

The following tables reflect a reconciliation of the shares used in the basic and diluted net income per share computation for the three and six months ended April 3, 2021 and March 28, 2020:



	Three months ended
(in thousands, except per share data)	April 3, 2021				March 28, 2020
	Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	71,320	$	71,320	$	11,888	$	11,888


DENOMINATOR:
Weighted average shares outstanding - Basic	62,068		62,068		63,679		63,679

Dilutive effect of Equity Plans			1,169				540


Weighted average shares outstanding - Diluted			63,237				64,219
EPS:
Net income per share - Basic	$	1.15	$	1.15	$	0.19	$	0.19
Effect of dilutive shares			(0.02)				—
Net income per share - Diluted			$	1.13			$	0.19



	Six months ended
(in thousands, except per share data)	April 3, 2021				March 28, 2020
	Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	119,683	$	119,683	$	25,365	$	25,365


DENOMINATOR:
Weighted average shares outstanding - Basic	62,023		62,023		63,675		63,675
Dilutive effect of Equity Plans			1,095				591
Weighted average shares outstanding - Diluted			63,118				64,266
EPS:
Net income per share - Basic	$	1.93	$	1.93	$	0.40	$	0.40
Effect of dilutive shares			(0.03)				(0.01)
Net income per share - Diluted			$	1.90			$	0.39