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Earnings Per Share (Tables)
 3 Months Ended
Dec. 27, 2019
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income Per Share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
 
Three months ended
(in thousands, except per share data)
 
 
December 27, 2019
 
December 28, 2018
Numerator:
 
 
 
 
 
Net income
 
$
34,790

 
$
26,949

Less: Undistributed earnings allocated to participating securities
 
857

 
653

Net income available to common shareholders
 
$
33,933

 
$
26,296

 
 
 
 
 
 
Denominator:
 
 

 
 
Basic weighted average common shares outstanding
 
47,126

 
46,995

Effect of dilutive securities: Non-participating employee stock options (1)
 
873

 
1,288

Diluted weighted average common shares outstanding
 
47,999

 
48,283

Basic earnings per share
 
$
0.72

 
$
0.56

Diluted earnings per share
 
$
0.71

 
$
0.54

 
 
 
 
 
 
 
 
 
 
 
 
(1) Stock options to purchase approximately 0.1 million and 0.6 million shares of common stock were outstanding during the three months ended December 27, 2019 and December 28, 2018, respectively, but were not included in the calculation of diluted earnings per share as the impact of these options would have been anti-dilutive.