EARNINGS PER SHARE

6 Months Ended

Mar. 30, 2024

Earnings Per Share

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


	Three Months Ended				Six Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
	(In thousands, except per share data)
Numerator:
Net income attributable to common shareholders	$	52,485	$	79,621	$	109,553	$	171,635

Denominator:

Weighted average common shares outstanding	55,585		58,269		56,062		57,999
Effect of dilutive stock options and restricted stock units	1,114		1,550		1,408		1,864
Denominator for diluted earnings per share	56,699		59,819		57,470		59,863

Net income attributable to common shareholders per share:
Basic	$	0.94	$	1.37	$	1.95	$	2.96
Diluted	$	0.93	$	1.33	$	1.91	$	2.87

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 were not material for any period presented.