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Net Income Per Share
9 Months Ended
Jul. 01, 2017
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
A reconciliation of basic and diluted share amounts is as follows:
 
Three Months Ended
 
Nine Months Ended
 
July 1,
2017
 
June 25,
2016
 
July 1,
2017
 
June 25,
2016
Basic weighted average common shares outstanding
280,824

 
277,853

 
279,901

 
281,101

Weighted average common stock equivalents from assumed exercise of stock options and stock units
2,781

 
2,399

 
2,822

 
2,603

Incremental shares from Convertible Notes premium
4,033

 
2,050

 
3,234

 
3,673

Diluted weighted average common shares outstanding
287,638

 
282,302

 
285,957

 
287,377

Weighted-average anti-dilutive shares related to:
 
 
 
 
 
 
 
Outstanding stock options
1,688

 
1,149

 
1,657

 
996

Stock units

 
15

 
4

 
77


The Company has outstanding Convertible Notes, and the principal balance and any conversion premium may be satisfied, at the Company’s option, by issuing shares of common stock, cash or a combination of shares and cash. The Company's current policy is that it will settle the principal balance of the Convertible Notes in cash. As such, the Company applies the treasury stock method to these securities and the dilution related to the conversion premium of the 2010, 2012 and 2013 Notes is included in the calculation of diluted weighted-average shares outstanding to the extent each issuance is dilutive based on the average stock price during each reporting period being greater than the conversion price of the respective Notes.