EARNINGS PER SHARE

3 Months Ended

Dec. 28, 2019

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 the three months ended December 28, 2019 and December 29, 2018: 

	Three months ended
(in thousands, except per share data)	December 28, 2019				December 29, 2018
	Basic		Diluted		Basic		Diluted
NUMERATOR:
Net income	$	13,477	$	13,477	$	7,517	$	7,517
DENOMINATOR:
Weighted average shares outstanding - Basic	63,557		63,557		67,176		67,176
Dilutive effect of Equity Plans			582				675
Weighted average shares outstanding - Diluted			64,139				67,851
EPS:
Net income per share - Basic	$	0.21	$	0.21	$	0.11	$	0.11
Effect of dilutive shares			—				—
Net income per share - Diluted			$	0.21			$	0.11