EARNINGS PER SHARE (Tables)

3 Months Ended

Dec. 31, 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 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.