Note 10 Earnings Per Share

12 Months Ended

Oct. 03, 2015

Earnings Per Share

Basic and diluted earnings per share amounts are calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period, as follows:



	Year Ended
	October 3, 2015		September 27, 2014		September 28, 2013
	(In thousands, except per share amounts)
Numerator:
Net income	$	377,261	$	197,165	$	79,351

Denominator:
Weighted average common shares outstanding	81,818		82,872		82,834
Effect of dilutive stock options and restricted stock units	3,823		3,859		2,569
Denominator for diluted earnings per share	85,641		86,731		85,403

Net income per share:
Basic	$	4.61	$	2.38	$	0.96
Diluted	$	4.41	$	2.27	$	0.93

The following table presents weighted-average dilutive securities that were excluded from the above calculation because their inclusion would have had an anti-dilutive effect under ASC Topic 260, Earnings per Share, due to application of the treasury stock method:



	As of
	October 3, 2015	September 27, 2014	September 28, 2013
Potentially dilutive securities:	(In thousands)
Employee stock options	776	2,502	6,634
Restricted stock units	13	112	—
Total	789	2,614	6,634