Earnings Per Share

6 Months Ended

Mar. 28, 2026

The following is a reconciliation of the numerators and denominators of the basic and diluted per share computations for net income available to common shareholders.


	Three Months Ended					Six Months Ended
	March 28, 2026					March 28, 2026
	Income		Shares	Per Share		Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	79,421	61,379	$	1.29	$	86,262	61,391	$	1.41
Effect of dilutive securities:
Options to purchase common stock	—		13	—		—		22	—
Restricted shares	—		331	(0.01)		—		378	(0.02)
Performance stock units	—		146	—		—		146	—
Diluted EPS:
Net income available to common shareholders	$	79,421	61,869	$	1.28	$	86,262	61,937	$	1.39


	Three Months Ended					Six Months Ended
	March 29, 2025					March 29, 2025
	Income		Shares	Per Share		Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	63,633	64,140	$	0.99	$	77,642	64,346	$	1.21
Effect of dilutive securities:
Options to purchase common stock	—		78	—		—		94	—
Restricted shares	—		466	(0.01)		—		560	(0.02)
Performance stock units	—		195	—		—		171	—
Diluted EPS:
Net income available to common shareholders	$	63,633	64,879	$	0.98	$	77,642	65,171	$	1.19

Options to purchase 0.5 million shares of Class A common stock at prices ranging from $22.64 to $37.22 per share were outstanding at March 28, 2026, and options to purchase 0.6 million shares of Class A common stock at prices ranging from $20.63 to $41.10 per share were outstanding at March 29, 2025.

For the three months ended March 28, 2026 and March 29, 2025, approximately 0.4 million and 0.3 million options outstanding, respectively, 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 the six months ended March 28, 2026 and March 29, 2025, approximately 0.5 million and 0.3 million options outstanding, respectively, 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.