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NET (LOSS) INCOME PER SHARE | 3 Months Ended
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Dec. 29, 2023
Earnings Per Share [Abstract] |
NET (LOSS) INCOME PER SHARE | NET (LOSS) INCOME PER SHARE Basic net (loss) income per common share is computed by dividing the net (loss) income for the period by the weighted average number of shares of common stock outstanding during the reporting period. Diluted net (loss) income per common share reflects the effects of potentially dilutive securities, which is computed by dividing the sum of net (loss) income and any adjustments to net income by the sum of the weighted average number of common shares outstanding and dilutive common shares. A reconciliation of the numerator and denominator used in the calculation of basic and diluted net (loss) income per common share is as follows:
| Three Months Ended |  |
(In millions, except per share amounts) | December 29, 2023 |  | December 30, 2022 |  |  |  |
Net (loss) income per share - basic |  |  |  |  |  |  |
Net (loss) income attributable to Varex | $ | (0.5) |  |  | $ | 3.1 |  |  |  |  |
Basic weighted average shares outstanding | 40.6 |  |  | 40.1 |  |  |  |  |
Basic net (loss) income per share attributable to Varex | $ | (0.01) |  |  | $ | 0.08 |  |  |  |  |
Net (loss) income per share - diluted |  |  |  |  |  |  |
Net (loss) income attributable to Varex | $ | (0.5) |  |  | $ | 3.1 |  |  |  |  |
Basic weighted average shares outstanding | 40.6 |  |  | 40.1 |  |  |  |  |
Dilutive effect of share-based awards and other | — |  |  | 0.5 |  |  |  |  |
Diluted weighted average shares outstanding | 40.6 |  |  | 40.6 |  |  |  |  |
Diluted net (loss) income per share attributable to Varex | $ | (0.01) |  |  | $ | 0.08 |  |  |  |  |
Anti-dilutive share summary |  |  |  |  |  |  |
Share-based awards and other | 3.6 |  |  | 3.0 |  |  |  |  |
Convertible notes | 9.6 |  |  | 9.6 |  |  |  |  |
Warrants | 9.6 |  |  | 1.9 |  |  |  |  |
Total anti-dilutive shares | 22.8 |  |  | 14.5 |  |  |  |  |
Potentially dilutive shares, which are based on the weighted-average shares of common stock underlying stock options, unvested stock awards, purchase rights granted under the employee stock purchase plan, warrants, and Convertible Notes using the treasury stock method or the if-converted method, as applicable, are included when calculating diluted net (loss) income per share attributable to Varex when their effect is dilutive. In connection with the offering of the Convertible Notes, the Company entered into convertible note hedges and warrants (see Note 9, Borrowings). However, the Company's convertible note hedges are not included when calculating potentially dilutive shares since their effect is always 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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