Note 10 Earnings Per Share

3 Months Ended

Jan. 02, 2016

Earnings Per Share

Basic and diluted 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:



	Three Months Ended
	January 2, 2016		December 27, 2014
	(In thousands, except per share data)
Numerator:
Net income	$	27,138	$	22,656

Denominator:
Weighted average common shares outstanding	77,921		82,548
Effect of dilutive stock options and restricted stock units	3,284		4,134
Denominator for diluted earnings per share	81,205		86,682

Net income per share:
Basic	$	0.35	$	0.27
Diluted	$	0.33	$	0.26

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:



	Three Months Ended
	January 2, 2016	December 27, 2014
	(In thousands)
Potentially dilutive securities:
Employee stock options	779	399
Restricted stock units	2	73
Total	781	472