Earnings Per Share

9 Months Ended

Jul. 02, 2022

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, 2022 and July 3, 2021 (in thousands, except per share amounts):


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Net income	$	37,494	$	27,609	$	87,786	$	105,571
Basic weighted average common shares outstanding	27,738		28,529		27,913		28,708
Dilutive effect of share-based awards and options outstanding	441		539		539		590
Diluted weighted average shares outstanding	28,179		29,068		28,452		29,298
Earnings per share:
Basic	$	1.35	$	0.97	$	3.14	$	3.68
Diluted	$	1.33	$	0.95	$	3.09	$	3.60

For the three and nine months ended July 2, 2022 there were no anti-dilutive shares. 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.

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