Earnings Per Share

9 Months Ended

Jul. 03, 2021

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 3, 2021 and July 4, 2020 (in thousands, except per share amounts):


	Three Months Ended				Nine Months Ended
	July 3, 2021		July 4, 2020		July 3, 2021		July 4, 2020
Net income	$	27,609	$	35,842	$	105,571	$	79,774
Basic weighted average common shares outstanding	28,529		29,199		28,708		29,210
Dilutive effect of share-based awards and options outstanding	539		594		590		726
Diluted weighted average shares outstanding	29,068		29,793		29,298		29,936
Earnings per share:
Basic	$	0.97	$	1.23	$	3.68	$	2.73
Diluted	$	0.95	$	1.20	$	3.60	$	2.66

For the three and nine months ended July 3, 2021, share-based awards for less than 0.1 million shares were not included in the computation of diluted earnings per share as they were antidilutive.

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.

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