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SELECTED QUARTERLY FINANCIAL RESULTS (Tables)
12 Months Ended
Oct. 01, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following table reflects selected quarterly financial data for fiscal 2016 and 2015:
 
Fiscal 2016 for the Quarter Ended
 
 
(in thousands, except per share amounts)
January 2
 
April 2
 
July 2
 
October 1
 
Fiscal 2016
Net revenue
$
108,534

 
$
156,400

 
$
216,414

 
$
145,844

 
$
627,192

Gross profit
50,421

 
69,647

 
100,040

 
66,621

 
286,729

Income from operations
(1,705
)
 
11,709

 
38,622

 
3,913

 
52,539

Income tax (benefit) / expense
(1,265
)
 
7,045

 
7,519

 
(5,661
)
 
7,638

Net income
$
(91
)
 
$
5,089

 
$
31,785

 
$
10,329

 
$
47,112

 
 
 
 
 
 
 
 
 
 
Net income per share (1):
 
 
 
 
 
 
 
 
 
   Basic
$

 
$
0.07

 
$
0.45

 
$
0.15

 
0.67

   Diluted
$

 
$
0.07

 
$
0.45

 
$
0.15

 
0.67

 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
70,738

 
70,389

 
70,379

 
70,404

 
70,477

Diluted
70,738

 
70,634

 
70,843

 
71,017

 
70,841

 
 
 
 
 
 
 
 
 
 
 
Fiscal 2015 for the Quarter Ended
 
 
(in thousands, except per share amounts)
December 27
 
March 28
 
June 27
 
October 3
 
Fiscal 2015
Net revenue
$
107,438

 
$
145,227

 
$
164,634

 
$
119,172

 
$
536,471

Gross profit
54,734

 
68,570

 
77,571

 
58,217

 
259,092

Income from operations
9,726

 
9,791

 
16,086

 
1,648

 
37,251

Income tax expense / (benefit)
1,843

 
1,997

 
(8,775
)
 
(7,999
)
 
(12,934
)
Net income
$
7,842

 
$
7,931

 
$
25,039

 
$
9,827

 
$
50,639

 
 
 
 
 
 
 
 
 
 
Net income per share (1):
 
 
 
 
 
 
 
 
 
   Basic
$
0.10

 
$
0.10

 
$
0.33

 
$
0.14

 
$
0.67

   Diluted
$
0.10

 
$
0.10

 
$
0.33

 
$
0.13

 
$
0.67

 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
76,888

 
76,821

 
75,420

 
72,731

 
75,414

Diluted
77,432

 
77,570

 
75,891

 
72,883

 
75,659

(1) EPS for the year may not equal the sum of quarterly EPS due to changes in weighted share calculations.