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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Jun. 29, 2024
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 June 29, 2024 and July 1, 2023:
| Three months ended
(in thousands, except per share data) | June 29, 2024 |  | July 1, 2023
| Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |
Net income | $ | 12,264 |  |  | $ | 12,264 |  |  | $ | 4,161 |  |  | $ | 4,161 |
DENOMINATOR: |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 55,280 |  |  | 55,280 |  |  | 56,553 |  |  | 56,553 |
Dilutive effect of Equity Plans |  |  | 444 |  |  |  |  | 966 |
Weighted average shares outstanding - Diluted |  |  | 55,724 |  |  |  |  | 57,519 |
EPS: |  |  |  |  |  |  |
Net income per share - Basic | $ | 0.22 |  |  | $ | 0.22 |  |  | $ | 0.07 |  |  | $ | 0.07 |
Effect of dilutive shares |  |  | — |  |  |  |  | — |
Net income per share - Diluted |  |  | $ | 0.22 |  |  |  |  | $ | 0.07 |
Anti-dilutive shares(1) |  |  | 21 |  |  |  | 0
| Nine months ended
(in thousands, except per share data) | June 29, 2024 |  | July 1, 2023
| Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |
Net (loss)/income | $ | (81,123) |  |  | $ | (81,123) |  |  | $ | 33,791 |  |  | $ | 33,791 |
DENOMINATOR: |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 56,028 |  |  | 56,028 |  |  | 56,763 |  |  | 56,763 |
Dilutive effect of Equity Plans |  |  | — |  |  |  |  | 921 |
Weighted average shares outstanding - Diluted |  |  | 56,028 |  |  |  |  | 57,684 |
EPS: |  |  |  |  |  |  |
Net (loss)/income per share - Basic | $ | (1.45) |  |  | $ | (1.45) |  |  | $ | 0.60 |  |  | $ | 0.60 |
Effect of dilutive shares |  |  | — |  |  |  |  | (0.01) |
Net (loss)/income per share - Diluted |  |  | $ | (1.45) |  |  |  |  | $ | 0.59 |
Anti-dilutive shares(1) |  |  | 445 |  |  |  | 1
(1) Represents the Time-based RSUs, Relative TSR PSUs and Growth PSUs that are excluded from the calculation of diluted earnings per share for the three and nine months ended June 29, 2024 and July 1, 2023 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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