Note 9 Earnings Per Share

12 Months Ended

Oct. 01, 2016

Earnings Per Share

Basic and diluted earnings 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:



	Year Ended
	October 1, 2016		October 3, 2015		September 27, 2014
	(In thousands, except per share amounts)
Numerator:
Net income	$	187,838	$	377,261	$	197,165

Denominator:
Weighted average common shares outstanding	75,094		81,818		82,872
Effect of dilutive stock options and restricted stock units	3,693		3,823		3,859
Denominator for diluted earnings per share	78,787		85,641		86,731

Net income per share:
Basic	$	2.50	$	4.61	$	2.38
Diluted	$	2.38	$	4.41	$	2.27

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:



	As of
	October 1, 2016	October 3, 2015	September 27, 2014
Potentially dilutive securities:	(In thousands)
Employee stock options	477	776	2,502
Restricted stock units	3	13	112
Total	480	789	2,614