XML 30 R21.htm IDEA: XBRL DOCUMENT
v3.26.1

EARNINGS PER SHARE | 6 Months Ended
--- | ---
Apr. 04, 2026
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 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 is 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/(loss) per share computation for the three and six months ended April 4, 2026 and March 29, 2025:
| Three months ended
(in thousands, except per share) | April 4, 2026 |  | March 29, 2025
| Basic |  | Diluted |  | Basic |  | Diluted
NUMERATOR: |  |  |  |  |  |  |
Net income/(loss) | $ | 35,148 |  |  | $ | 35,148 |  |  | $ | (84,519) |  |  | $ | (84,519) |
DENOMINATOR: |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 52,327 |  |  | 52,327 |  |  | 53,311 |  |  | 53,311 |
Dilutive effect of Equity Plans |  |  | 794 |  |  |  |  | — |
Weighted average shares outstanding - Diluted |  |  | 53,121 |  |  |  |  | 53,311 |
EPS: |  |  |  |  |  |  |
Net income/(loss) per share - Basic | $ | 0.67 |  |  | $ | 0.67 |  |  | $ | (1.59) |  |  | $ | (1.59) |
Effect of dilutive shares |  |  | (0.01) |  |  |  |  | — |
Net income/(loss) per share - Diluted |  |  | $ | 0.66 |  |  |  |  | $ | (1.59) |
Anti-dilutive shares (1) |  |  | 3 |  |  |  | 249
| Six months ended |  |  |  |
(in thousands, except per share) | April 4, 2026 |  | March 29, 2025 |  |  |  |
| Basic |  | Diluted |  | Basic |  | Diluted |  |  |  |
NUMERATOR: |  |  |  |  |  |  |  |  |  |  |
Net income /(loss) | $ | 51,944 |  |  | $ | 51,944 |  |  | $ | (2,877) |  |  | $ | (2,877) |  |  |  |  |
DENOMINATOR: |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 52,323 |  |  | 52,323 |  |  | 53,551 |  |  | 53,551 |  |  |  |  |
Dilutive effect of Equity Plans |  |  | 640 |  |  |  |  | — |  |  |  |  |
Weighted average shares outstanding - Diluted |  |  | 52,963 |  |  |  |  | 53,551 |  |  |  |  |
EPS: |  |  |  |  |  |  |  |  |  |  |
Net income /(loss) per share - Basic | $ | 0.99 |  |  | $ | 0.99 |  |  | $ | (0.05) |  |  | $ | (0.05) |  |  |  |  |
Effect of dilutive shares |  |  | (0.01) |  |  |  |  | — |  |  |  |  |
Net income /(loss) per share - Diluted |  |  | $ | 0.98 |  |  |  |  | $ | (0.05) |  |  |  |  |
Anti-dilutive shares (1) |  |  | 670 |  |  |  | 285 |  |  |  |
(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 six months ended April 4, 2026 and March 29, 2025 as the effect would have been anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration