Net Income Per Share

3 Months Ended

Dec. 30, 2023

11. Net Income Per Share

Basic net income per share attributable to common stockholders is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding less shares subject to repurchase. Diluted net income per share attributable to common stockholders adjusts the basic net income per share attributable to common stockholders and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock awards, using the treasury stock method.

The following table sets forth the computation of the Company’s basic and diluted net income per share attributable to common stockholders:


	Three Months Ended
	December 30, 2023		December 31, 2022
(In thousands, except share and per share data)
Numerator:
Net income attributable to common stockholders - basic and diluted	$	80,947	$	75,188
Denominator:
Weighted-average shares of common stock—basic		125,181,717		127,212,245
Effect of potentially dilutive stock options		133,009		1,802,786
Effect of RSUs		1,424,312		2,460,948
Effect of PSUs		3,115		27,007
Weighted-average shares of common stock—diluted		126,742,153		131,502,986
Net income per share attributable to common stockholders:
Basic	$	0.65	$	0.59
Diluted	$	0.64	$	0.57

The following potentially dilutive shares were excluded from the computation of diluted net income per share attributable to common stockholders because including them would have been antidilutive:


	Three Months Ended
	December 30, 2023		December 31, 2022
Stock options to purchase common stock		8,300,168		8,624,436
Restricted stock units		9,903,792		7,664,566
Performance stock units		29,436		61,681
Total		18,233,396		16,350,683