Earnings Per Share

9 Months Ended

Jul. 02, 2016

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for the three and nine months ended July 2, 2016 and July 4, 2015 (in thousands, except per share amounts):



	Three Months Ended				Nine Months Ended
	July 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Net income	$	26,099	$	23,794	$	57,334	$	70,467
Basic weighted average common shares outstanding	33,402		33,653		33,379		33,617
Dilutive effect of share-based awards outstanding	772		801		664		783
Diluted weighted average shares outstanding	34,174		34,454		34,043		34,400
Earnings per share:
Basic	$	0.78	$	0.71	$	1.72	$	2.10
Diluted	$	0.76	$	0.69	$	1.68	$	2.05

For the three and nine months ended July 2, 2016, share-based awards for approximately 0.5 million and 0.7 million shares, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive.

For the three and nine months ended July 4, 2015, share-based awards for approximately 0.3 million and 0.6 million shares, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive.

See Note 11, "Shareholders' Equity," for more information regarding the Company's common stock repurchase program.