Earnings Per Share

6 Months Ended

Apr. 01, 2023

Earnings Per Share

Earnings Per Share

Note 12. 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
	April 1,		April 2,		April 1,		April 2,
	2023		2022		2023		2022
			(Restated)				(Restated)
	(In thousands, except per share data)
Numerator:
Net income attributable to common shareholders	$	79,621	$	48,621	$	171,635	$	104,798
Denominator:
Weighted average common shares outstanding		58,269		62,845		57,999		63,622
Effect of dilutive stock options and restricted stock units		1,550		1,426		1,864		1,743
Denominator for diluted earnings per share		59,819		64,271		59,863		65,365
Net income attributable to common shareholders per share:
Basic	$	1.37	$	0.77	$	2.96	$	1.65
Diluted	$	1.33	$	0.76	$	2.87	$	1.60

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.