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EARNINGS PER SHARE | 3 Months Ended
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Dec. 28, 2024
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 28, 2024 and December 30, 2023:
| Three months ended
(in thousands, except per share data) | December 28, 2024 |  | December 30, 2023
| Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |
Net income | $ | 81,642 |  |  | $ | 81,642 |  |  | $ | 9,293 |  |  | $ | 9,293 |
DENOMINATOR: |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 53,791 |  |  | 53,791 |  |  | 56,650 |  |  | 56,650 |
Dilutive effect of Equity Plans |  |  | 421 |  |  |  |  | 373 |
Weighted average shares outstanding - Diluted |  |  | 54,212 |  |  |  |  | 57,023 |
EPS: |  |  |  |  |  |  |
Net income per share - Basic | $ | 1.52 |  |  | $ | 1.52 |  |  | $ | 0.16 |  |  | $ | 0.16 |
Effect of dilutive shares |  |  | (0.01) |  |  |  |  | — |
Net income per share - Diluted |  |  | $ | 1.51 |  |  |  |  | $ | 0.16 |
Anti-dilutive shares(1) |  |  | 1 |  |  |  | 25
(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 months ended December 28, 2024 and December 30, 2023 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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