Earnings Per Share

6 Months Ended

Apr. 03, 2021

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for the three and six months ended April 3, 2021 and April 4, 2020 (in thousands, except per share amounts):


	Three Months Ended				Six Months Ended
	April 3, 2021		April 4, 2020		April 3, 2021		April 4, 2020
Net income	$	41,763	$	12,926	$	77,962	$	43,932
Basic weighted average common shares outstanding	28,736		29,291		28,799		29,216
Dilutive effect of share-based awards and options outstanding	574		634		610		783
Diluted weighted average shares outstanding	29,310		29,925		29,409		29,999
Earnings per share:
Basic	$	1.45	$	0.44	$	2.71	$	1.50
Diluted	$	1.42	$	0.43	$	2.65	$	1.46

For the three and six months ended April 3, 2021, share-based awards for less than 0.1 million shares were not included in the computation of diluted earnings per share as they were antidilutive.

For the three and six months ended April 4, 2020, share-based awards for approximately 0.3 million and 0.1 million shares were not included in the computation of diluted earnings per share as they were antidilutive.

See also Note 12, "Shareholders' Equity," for information regarding the Company's share repurchase plans.