Earnings Per Share

12 Months Ended

Sep. 30, 2023

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share (EPS) computations:


	Fiscal Year Ended September 30, 2023					Fiscal Year Ended September 24, 2022					Fiscal Year Ended September 25, 2021
	Net Income		Shares	Per Share		Net Income		Shares	Per Share		Net Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	125,643	52,395	$	2.40	$	152,152	53,220	$	2.86	$	151,746	53,914	$	2.81
Effect of dilutive securities:
Options to purchase common stock			295	(0.02)				477	(0.02)				645	(0.03)
Restricted shares			638	(0.03)				728	(0.04)				689	(0.03)
Performance stock units			99	—				—	—				—	—
Diluted EPS:
Net income available to common shareholders	$	125,643	53,427	$	2.35	$	152,152	54,425	$	2.80	$	151,746	55,248	$	2.75

For fiscal 2023, options to purchase 0.6 million shares were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive.

For fiscal 2022, options to purchase 0.4 million shares were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive.

For fiscal 2021, options to purchase 0.2 million shares were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive.