EARNINGS PER SHARE (Tables)

12 Months Ended

Oct. 01, 2022

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

The following table reflects a reconciliation of the shares used in the basic and diluted net income per share computation for fiscal 2022, 2021, and 2020:


	Fiscal
(in thousands, except per share)	2022				2021				2020
	Basic		Diluted		Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	433,545	$	433,545	$	367,161	$	367,161	$	52,300	$	52,300


DENOMINATOR:
Weighted average shares outstanding - Basic	60,164		60,164		62,009		62,009		62,828		62,828


Dilutive effect of Equity Plans			1,018				1,506				531
Weighted average shares outstanding - Diluted			61,182				63,515				63,359
EPS:
Net income per share - Basic	$	7.21	$	7.21	$	5.92	$	5.92	$	0.83	$	0.83
Effect of dilutive shares			$	(0.12)			$	(0.14)			$	—
Net income per share - Diluted			$	7.09			$	5.78			$	0.83

Anti-dilutive shares(1)			1				2				40

(1) Represents the Relative TSR PSUs and Growth PSUs that are excluded from the calculation of diluted earnings per share for fiscal 2022, 2021, and 2020 as the effect would have been anti-dilutive.