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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Jul. 02, 2022
Earnings Per Share [Abstract] |
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 the three and nine months ended July 2, 2022 and July 3, 2021:
| Three months ended
(in thousands, except per share data) | July 2, 2022 |  | July 3, 2021
| Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |
Net income | $ | 119,034 |  |  | $ | 119,034 |  |  | $ | 113,766 |  |  | $ | 113,766 |
DENOMINATOR: |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 58,985 |  |  | 58,985 |  |  | 62,023 |  |  | 62,023 |
Dilutive effect of Equity Plans |  |  | 970 |  |  |  |  | 1,462 |
Weighted average shares outstanding - Diluted |  |  | 59,955 |  |  |  |  | 63,485 |
EPS: |  |  |  |  |  |  |
Net income per share - Basic | $ | 2.02 |  |  | $ | 2.02 |  |  | $ | 1.83 |  |  | $ | 1.83 |
Effect of dilutive shares |  |  | (0.03) |  |  |  |  | (0.04) |
Net income per share - Diluted |  |  | $ | 1.99 |  |  |  |  | $ | 1.79 |
Anti-dilutive shares(1) |  |  | 19 |  |  |  | 0
| Nine months ended
(in thousands, except per share data) | July 2, 2022 |  | July 3, 2021
| Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |
Net income | $ | 368,641 |  |  | $ | 368,641 |  |  | $ | 233,450 |  |  | $ | 233,450 |
DENOMINATOR: |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 60,951 |  |  | 60,951 |  |  | 62,023 |  |  | 62,023 |
Dilutive effect of Equity Plans |  |  | 989 |  |  |  |  | 1,341 |
Weighted average shares outstanding - Diluted |  |  | 61,940 |  |  |  |  | 63,364 |
EPS: |  |  |  |  |  |  |
Net income per share - Basic | $ | 6.05 |  |  | $ | 6.05 |  |  | $ | 3.76 |  |  | $ | 3.76 |
Effect of dilutive shares |  |  | (0.10) |  |  |  |  | (0.08) |
Net income per share - Diluted |  |  | $ | 5.95 |  |  |  |  | $ | 3.68 |
Anti-dilutive shares(1) |  |  | 1 |  |  |  | 3
(1) Represents the Relative TSR PSUs and Growth PSUs that are excluded from the calculation of diluted earnings per share for the three and nine months ended July 2, 2022 and July 3, 2021 as the effect would have been anti-dilutive.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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