Earnings Per Share

3 Months Ended

Dec. 30, 2017

EARNINGS PER SHARE

Basic earnings per share is computed based on the weighted average number of shares outstanding during the period, excluding unvested restricted stock. Diluted earnings per share is computed based on the weighted average number of shares outstanding during the period increased by the effect of dilutive employee stock awards, including stock options, restricted stock awards and stock purchase plan contracts, using the treasury stock method.

The following table presents information necessary to calculate basic and diluted earnings per share (in thousands, except per share data):



	Three Months Ended
	December 30, 2017			December 31, 2016
Weighted average shares outstanding—basic	24,635			24,347
Dilutive effect of employee stock awards	390			297
Weighted average shares outstanding—diluted	25,025			24,644

Net income from continuing operations	$	41,903		$	30,698
Loss from discontinued operations, net of income taxes	(2		)	(290		)
Net income	$	41,901		$	30,408

A total of 19,375 and 110,737 potentially dilutive securities have been excluded from the diluted share calculation for the three months ended December 30, 2017 and December 31, 2016, respectively, as their effect was anti-dilutive.