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EARNINGS PER SHARE
 12 Months Ended
Oct. 01, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic income per share is calculated using the weighted average number of shares of common stock outstanding during the period. Stock options and restricted stock are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive.
The following tables reflect a reconciliation of the shares used in the basic and diluted net income per share computation for fiscal 2016, 2015, and 2014: 
 
 
Fiscal
(in thousands, except per share)
 
2016
 
2015
 
2014
 
 
Basic
 
Diluted
 
Basic
 
Diluted
 
Basic
 
Diluted
NUMERATOR:
 
 

 
 

 
 

 
 

 
 
 
 
Net income
 
$
47,112

 
$
47,112

 
$
50,639

 
$
50,639

 
$
62,988

 
$
62,988

Less: income applicable to participating securities
 
—

 
—

 
—

 
—

 
—

 
—

Net income applicable to common shareholders
 
$
47,112

 
$
47,112

 
$
50,639

 
$
50,639

 
$
62,988

 
$
62,988

DENOMINATOR:
 
 
 
 

 
 
 
 

 
 
 
 
Weighted average shares outstanding - Basic
 
70,477

 
70,477

 
75,414

 
75,414

 
76,396

 
76,396

Stock options
 
 
 
32

 
 
 
70

 
 
 
117

Time-based restricted stock
 
 
 
274

 
 
 
175

 
 
 
398

Market-based restricted stock
 
 
 
58

 
 
 
—

 
 
 
381

Weighted average shares outstanding - Diluted
 
 
 
70,841

 
 
 
75,659

 
 
 
77,292

EPS:
 
 
 
 

 
 
 
 

 
 
 
 
Net income per share - Basic
 
$
0.67

 
$
0.67

 
$
0.67

 
$
0.67

 
$
0.82

 
$
0.82

Effect of dilutive shares
 
 
 
—

 
 
 
$
—

 
 
 
$
(0.01
)
Net income per share - Diluted
 
 
 
$
0.67

 
 
 
$
0.67

 
 
 
$
0.81