EARNINGS PER SHARE

6 Months Ended

Mar. 28, 2020

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. For the three months ended March 30, 2019, 0.8 million shares of restricted stock units and stock options were excluded due to the Company's net loss.

The following tables reflect a reconciliation of the shares used in the basic and diluted net income per share computation for the three and six months ended March 28, 2020 and March 30, 2019:



	Three months ended
(in thousands, except per share data)	March 28, 2020				March 30, 2019
	Basic		Diluted		Basic			Diluted
NUMERATOR:
Net income/(loss)	$	11,888	$	11,888	$	(3,555	)	$	(3,555	)
DENOMINATOR:
Weighted average shares outstanding - Basic	63,679		63,679		65,930			65,930
Dilutive effect of Equity Plans			540					—
Weighted average shares outstanding - Diluted			64,219					65,930
EPS:
Net income/(loss) per share - Basic	$	0.19	$	0.19	$	(0.05	)	$	(0.05	)
Effect of dilutive shares			—					—
Net income/(loss) per share - Diluted			$	0.19				$	(0.05	)



	Six months ended
(in thousands, except per share data)	March 28, 2020					March 30, 2019
	Basic		Diluted			Basic		Diluted
NUMERATOR:
Net income	$	25,365	$	25,365		$	3,962	$	3,962
DENOMINATOR:
Weighted average shares outstanding - Basic	63,675		63,675			66,530		66,530
Dilutive effect of Equity Plans			591					814
Weighted average shares outstanding - Diluted			64,266					67,344
EPS:
Net income per share - Basic	$	0.40	$	0.40		$	0.06	$	0.06
Effect of dilutive shares			(0.01		)			—
Net income per share - Diluted			$	0.39				$	0.06