Earnings Per Share

9 Months Ended

Jul. 04, 2020

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 4, 2020 and June 29, 2019 (in thousands, except per share amounts):


	Three Months Ended						Nine Months Ended
	July 4, 2020		June 29, 2019		July 4, 2020		June 29, 2019
Net income	$	35,842	$	24,801	$	79,774	$	71,785
Basic weighted average common shares outstanding	29,199		29,912		29,210		30,637
Dilutive effect of share-based awards and options outstanding	594		723		726		783
Diluted weighted average shares outstanding	29,793		30,635		29,936		31,420
Earnings per share:
Basic	$	1.23	$	0.83	$	2.73	$	2.34
Diluted	$	1.20	$	0.81	$	2.66	$	2.28

For the three and nine months ended July 4, 2020, share-based awards for approximately 0.3 million and 0.1 million shares were not included in the computation of diluted earnings per share as they were antidilutive.

For both the three and nine months ended June 29, 2019, share-based awards for approximately 0.1 million shares were not included in the computation of diluted earnings per share as they were antidilutive.

See also Note 12, "Shareholders' Equity," for information regarding the Company's share repurchase plans.