Note 10 Earnings Per Share

9 Months Ended

Jul. 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				Nine Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
	(In thousands, except per share data)
Numerator:
Net income	$	29,534	$	24,475	$	87,033	$	61,879

Denominator:
Weighted average common shares outstanding	73,620		81,700		75,609		82,357
Effect of dilutive stock options and restricted stock units	3,372		3,793		3,263		3,951
Denominator for diluted earnings per share	76,992		85,493		78,872		86,308

Net income per share:
Basic	$	0.40	$	0.30	$	1.15	$	0.75
Diluted	$	0.38	$	0.29	$	1.10	$	0.72

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		Nine Months Ended
	July 2, 2016	June 27, 2015	July 2, 2016	June 27, 2015
	(In thousands)
Potentially dilutive securities:
Employee stock options	369	622	710	504
Restricted stock units	103	9	34	11
Total	472	631	744	515