First Quarters Ended

September 28,

September 29,

2019

2018

(Thousands, except per share data)

Numerator:

Income from continuing operations

$

41,752

$

83,529

Income from discontinued operations

—

195

Net income

$

41,752

$

83,724

Denominator:

Weighted average common shares for basic earnings per share

103,130

115,260

Net effect of dilutive stock based compensation awards

1,247

1,211

Weighted average common shares for diluted earnings per share

104,377

116,471

Basic earnings per share - continuing operations

$

0.40

$

0.73

Basic earnings per share - discontinued operations

—

Basic earnings per share

$

0.40

$

0.73

Diluted earnings per share - continuing operations

$

0.40

$

0.72

Diluted earnings per share - discontinued operations

—

Diluted earnings per share

$

0.40

$

0.72

Stock options excluded from earnings per share calculation due to anti-dilutive effect

388

1,113