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EARNINGS PER SHARE
3 Months Ended
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, 2022January 1, 2022
 BasicDilutedBasicDiluted
NUMERATOR:    
Net income$14,589 $14,589 $133,606 $133,606 
DENOMINATOR:    
Weighted average shares outstanding - Basic57,051 57,051 62,385 62,385 
Dilutive effect of Equity Plans678 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)
138
(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.