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EARNINGS PER SHARE
3 Months Ended
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, 2024December 30, 2023
 BasicDilutedBasicDiluted
NUMERATOR:    
Net income
$81,642 $81,642 $9,293 $9,293 
DENOMINATOR:    
Weighted average shares outstanding - Basic53,791 53,791 56,650 56,650 
Dilutive effect of Equity Plans421 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)
125
(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.