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Earnings Per Share | 6 Months Ended
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Mar. 30, 2024
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 net income available to common shareholders.
|  | Three Months Ended |  | Six Months Ended
|  | March 30, 2024 |  | March 30, 2024
|  | Income |  | Shares |  | Per Share |  | Income |  | Shares |  | Per Share
|  | (in thousands, except per share amounts)
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 61,987 |  |  | 65,638 |  |  | $ | 0.94 |  |  | $ | 62,417 |  |  | 65,526 |  |  | $ | 0.95 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Options to purchase common stock |  | — |  |  | 233 |  |  | — |  |  | — |  |  | 298 |  |  | (0.01) |
Restricted shares |  | — |  |  | 781 |  |  | (0.01) |  |  | — |  |  | 829 |  |  | (0.01) |
Performance stock units |  | — |  |  | 179 |  |  | — |  |  | — |  |  | 162 |  |  | — |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 61,987 |  |  | 66,831 |  |  | $ | 0.93 |  |  | $ | 62,417 |  |  | 66,815 |  |  | $ | 0.93 |
|  | Three Months Ended |  | Six Months Ended
|  | March 25, 2023 |  | March 25, 2023
|  | Income |  | Shares |  | Per Share |  | Income |  | Shares |  | Per Share
|  | (in thousands, except per share amounts)
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 48,115 |  |  | 65,554 |  |  | $ | 0.73 |  |  | $ | 39,682 |  |  | 65,576 |  |  | $ | 0.61 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Options to purchase common stock |  | — |  |  | 387 |  |  | (0.01) |  |  | — |  |  | 374 |  |  | (0.01) |
Restricted shares |  | — |  |  | 863 |  |  | (0.01) |  |  | — |  |  | 859 |  |  | (0.01) |
Performance stock units |  | — |  |  | 114 |  |  | — |  |  |  |  | 91 |  |  | $ | — |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 48,115 |  |  | 66,918 |  |  | $ | 0.72 |  |  | $ | 39,682 |  |  | 66,900 |  |  | $ | 0.59 |
Options to purchase 1.0 million shares of Class A common stock at prices ranging from $20.63 to $41.10 per share were outstanding at March 30, 2024, and options to purchase 2.0 million shares of Class A common stock at prices ranging from $21.37 to $51.37 per share were outstanding at March 25, 2023. For the three months ended March 30, 2024 and March 25, 2023, approximately 0.3 million and 0.6 million options outstanding, respectively, were not included in the computation of diluted earnings per share because the effect of including these options would be antidilutive. For the six months ended March 30, 2024 and March 25, 2023, approximately 0.4 million and 0.6 million options outstanding, respectively, were not included in the computation of diluted earnings per share because the effect of including these options would be antidilutive.

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