EARNINGS PER SHARE (Tables)

6 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three months ended				Six months ended
(in thousands, except per share data)	March 31, 2023		March 25, 2022		March 31, 2023		March 25, 2022
Numerator:
Net income	$	174,194	$	233,477	$	347,686	$	438,320
Less: Undistributed earnings allocated to participating securities	2,819		3,577		5,377		7,256
Net income available to common shareholders	$	171,375	$	229,900	$	342,309	$	431,064
Denominator:
Basic weighted average common shares outstanding	39,212		44,700		39,648		45,318
Effect of dilutive securities: Non-participating employee stock options (1)	537		580		534		588
Diluted weighted average common shares outstanding	39,749		45,280		40,182		45,906
Basic earnings per share	$	4.37	$	5.14	$	8.63	$	9.51
Diluted earnings per share	$	4.31	$	5.08	$	8.52	$	9.39
(1) Stock options to purchase shares of common stock that would have been anti-dilutive are not included in the calculation. There were no anti-dilutive options outstanding during the three months ended March 31, 2023 and March 25, 2022. Additionally, there were no anti-dilutive options outstanding during the six months ended March 31, 2023 and March 25, 2022, respectively.