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Earnings Per Share | 3 Months Ended
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Dec. 24, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following is a reconciliation of the numerators and denominators of the basic and diluted per share computations for income (loss) from continuing operations.
|  | Three Months Ended |  |
|  | December 24, 2022 |  |
|  | Income |  | Shares |  | Per Share |  |  |  |  |  |
|  | (in thousands, except per share amounts)
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net loss available to common shareholders |  | $ | (8,433) |  |  | 52,478 |  |  | $ | (0.16) |  |  |  |  |  |  |
Effect of dilutive securities (1): |  |  |  |  |  |  |  |  |  |  |  |
Options to purchase common stock |  | — |  |  | — |  |  | — |  |  |  |  |  |  |
Restricted shares |  | — |  |  | — |  |  | — |  |  |  |  |  |  |
Performance stock units |  | — |  |  | — |  |  | — |  |  |  |  |  |  |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net loss available to common shareholders |  | $ | (8,433) |  |  | 52,478 |  |  | $ | (0.16) |  |  |  |  |  |  |
(1) The potential effects of stock awards were excluded from the diluted earnings per share calculation for the three months ended December 24, 2022, because their inclusion in a loss period would be anti-dilutive to the earnings per share calculation.
|  | Three Months Ended |  |
|  | December 25, 2021 |  |
|  | Income |  | Shares |  | Per Share |  |  |  |  |  |
|  | (in thousands, except per share amounts)
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 9,009 |  |  | 53,491 |  |  | $ | 0.17 |  |  |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Options to purchase common stock |  | — |  |  | 632 |  |  | — |  |  |  |  |  |  |
Restricted shares |  | — |  |  | 786 |  |  | (0.01) |  |  |  |  |  |  |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 9,009 |  |  | 54,909 |  |  | $ | 0.16 |  |  |  |  |  |  |
Options to purchase 2.1 million shares of Class A common stock at prices ranging from $21.37 to $51.37 per share were outstanding at December 24, 2022, and options to purchase 2.6 million shares of Class A common stock at prices ranging from $13.82 to $51.37 per share were outstanding at December 25, 2021. For the three months ended December 24, 2022 and December 25, 2021, approximately 0.5 million and 21 thousand options outstanding, respectively, were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and therefore, the effect of including these options would be antidilutive. For the three months ended December 24, 2022, 0.3 million options outstanding, 0.7 million restricted shares and 0.1 million performance stock units were excluded from the diluted earnings per share calculation because their inclusion in a net loss period would be anti-dilutive to the earnings per share calculation.

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