Earnings Per Share

6 Months Ended

Apr. 01, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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 1, 2023 and April 2, 2022 (in thousands, except per share amounts):

	Three Months Ended				Six Months Ended
	April 1, 2023		April 2, 2022		April 1, 2023		April 2, 2022
Net income	$	40,844	$	26,869	$	83,034	$	50,292
Basic weighted average common shares outstanding	27,661		27,987		27,650		28,002
Dilutive effect of share-based awards and options outstanding	523		440		623		564
Diluted weighted average shares outstanding	28,184		28,427		28,273		28,566
Earnings per share:
Basic	$	1.48	$	0.96	$	3.00	$	1.80
Diluted	$	1.45	$	0.95	$	2.94	$	1.76

For the three and six months ended April 1, 2023 and April 2, 2022, 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.

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