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EARNINGS PER SHARE | 3 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 12. EARNINGS PER SHARE Basic income per share is calculated using the weighted average number of shares of common stock outstanding during the period. 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 the three months ended December 31, 2022 and January 1, 2022:
| Three months ended
(in thousands, except per share data) | December 31, 2022 |  | January 1, 2022
| Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |
Net income | $ | 14,589 |  |  | $ | 14,589 |  |  | $ | 133,606 |  |  | $ | 133,606 |
DENOMINATOR: |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 57,051 |  |  | 57,051 |  |  | 62,385 |  |  | 62,385 |
Dilutive effect of Equity Plans |  |  | 678 |  |  |  |  | 931 |
Weighted average shares outstanding - Diluted |  |  | 57,729 |  |  |  |  | 63,316 |
EPS: |  |  |  |  |  |  |
Net income per share - Basic | $ | 0.26 |  |  | $ | 0.26 |  |  | $ | 2.14 |  |  | $ | 2.14 |
Effect of dilutive shares |  |  | (0.01) |  |  |  |  | (0.03) |
Net income per share - Diluted |  |  | $ | 0.25 |  |  |  |  | $ | 2.11 |
Anti-dilutive shares(1) |  |  | 1 |  |  |  | 38
(1) Represents the Relative TSR PSUs and Growth PSUs that are excluded from the calculation of diluted earnings per share for the three months ended December 31, 2022 and January 1, 2022 as the effect would have been anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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