Net Income Per Share

3 Months Ended

Dec. 30, 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
	December 30, 2017	December 31, 2016
Basic weighted average common shares outstanding	276,856	278,663
Weighted average common stock equivalents from assumed exercise of stock options and stock units	2,212	3,143
Incremental shares from Convertible Notes premium	1,734	2,418
Diluted weighted average common shares outstanding	280,802	284,224
Weighted-average anti-dilutive shares related to:
Outstanding stock options	2,272	1,442
Stock units	216	13

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 2042 and 2043 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.