Net Income (Loss) Per Share

9 Months Ended

Jun. 27, 2020

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income Per Share

A reconciliation of basic and diluted share amounts is as follows:

	Three Months Ended		Nine Months Ended
	June 27, 2020	June 29, 2019	June 27, 2020	June 29, 2019
Basic weighted average common shares outstanding	259,870	268,932	263,667	269,586
Weighted average common stock equivalents from assumed exercise of stock options and issuance of stock units	1,177	1,857	1,425	—
Diluted weighted average common shares outstanding	261,047	270,789	265,092	269,586
Weighted-average anti-dilutive shares related to:
Outstanding stock options	1,597	2,358	1,521	4,457
Stock Units	3	—	5	—

In those reporting periods in which the Company has reported net income, anti-dilutive shares generally are comprised of those stock options that either have an exercise price above the average stock price for the period or the stock options’ combined exercise price and average unrecognized stock compensation expense upon exercise is greater than the average stock price. In those reporting periods in which the Company has a net loss, anti-dilutive shares are comprised of the impact of those number of shares that would have been dilutive had the Company had net income plus the number of common stock equivalents that would be anti-dilutive had the company had net income.