EARNINGS PER SHARE (Tables)

9 Months Ended

Jun. 29, 2024

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.