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Net Income Per Share (Tables)
3 Months Ended
Dec. 30, 2023
Earnings Per Share [Abstract]  
Schedule of net income (loss) per share

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

 

 

Schedule of antidilutive securities

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