Note 10 Earnings Per Share

6 Months Ended

Apr. 02, 2016

Earnings Per Share

Basic and diluted per share amounts are calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period, as follows:



	Three Months Ended				Six Months Ended
	April 2, 2016		March 28, 2015		April 2, 2016		March 28, 2015
	(In thousands, except per share data)
Numerator:
Net income	$	30,361	$	14,748	$	57,499	$	37,404

Denominator:
Weighted average common shares outstanding	75,477		82,977		76,605		82,762
Effect of dilutive stock options and restricted stock units	3,048		3,920		3,135		4,035
Denominator for diluted earnings per share	78,525		86,897		79,740		86,797

Net income per share:
Basic	$	0.40	$	0.18	$	0.75	$	0.45
Diluted	$	0.39	$	0.17	$	0.72	$	0.43

The following table presents weighted-average dilutive securities that were excluded from the above calculation because their inclusion would have had an anti-dilutive effect under ASC Topic 260, Earnings per Share, due to application of the treasury stock method:



	Three Months Ended		Six Months Ended
	April 2, 2016	March 28, 2015	April 2, 2016	March 28, 2015
	(In thousands)
Potentially dilutive securities:
Employee stock options	1,531	602	1,550	474
Restricted stock units	64	245	4	159
Total	1,595	847	1,554	633