EARNINGS PER SHARE (Tables)

9 Months Ended

Jun. 30, 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				Nine months ended
(in thousands, except per share data)	June 30, 2023		June 24, 2022		June 30, 2023		June 24, 2022
Numerator:
Net income	$	201,288	$	254,313	$	548,974	$	692,631
Less: Undistributed earnings allocated to participating securities	3,086		3,883		8,457		11,002
Net income available to common shareholders	$	198,202	$	250,430	$	540,517	$	681,629
Denominator:
Basic weighted average common shares outstanding	38,132		43,072		39,143		44,553
Effect of dilutive securities: Non-participating employee stock options (1)	525		558		529		578
Diluted weighted average common shares outstanding	38,657		43,630		39,672		45,131
Basic earnings per share	$	5.20	$	5.81	$	13.81	$	15.30
Diluted earnings per share	$	5.13	$	5.74	$	13.62	$	15.10
(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 June 30, 2023 and June 24, 2022. Additionally, there were no anti-dilutive options outstanding during the nine months ended June 30, 2023 and June 24, 2022, respectively.