Earnings Per Share

12 Months Ended

Sep. 27, 2025

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share (EPS) computations:


	Fiscal Year Ended September 27, 2025					Fiscal Year Ended September 28, 2024					Fiscal Year Ended September 30, 2023
	Net Income		Shares	Per Share		Net Income		Shares	Per Share		Net Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	162,843	63,094	$	2.58	$	107,983	65,711	$	1.64	$	125,643	65,493	$	1.92
Effect of dilutive securities:
Options to purchase common stock			76	—				228	0.00				369	(0.01)
Restricted shares			477	(0.02)				741	(0.02)				797	(0.03)
Performance stock units			168	(0.01)				180	—				124	—
Diluted EPS:
Net income available to common shareholders	$	162,843	63,815	$	2.55	$	107,983	66,860	$	1.62	$	125,643	66,783	$	1.88

For fiscal 2025, options to purchase 0.3 million shares were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive.

For fiscal 2024, options to purchase 0.3 million shares were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive.

For fiscal 2023, options to purchase 0.6 million shares were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and, therefore, the effect of including these options would be anti-dilutive.