Earnings Per Share

9 Months Ended

Jun. 29, 2024

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 nine months ended June 29, 2024 and July 1, 2023 (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Net income	$	25,140	$	15,799	$	70,594	$	98,833
Basic weighted average common shares outstanding	27,364		27,561		27,463		27,619
Dilutive effect of share-based awards and options outstanding	401		431		455		550
Diluted weighted average shares outstanding	27,765		27,992		27,918		28,169
Earnings per share:
Basic	$	0.92	$	0.57	$	2.57	$	3.58
Diluted	$	0.91	$	0.56	$	2.53	$	3.51

For the three and nine months ended June 29, 2024 and July 1, 2023, 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 awards.

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