Note 9 Earnings Per Share

3 Months Ended

Dec. 31, 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
	December 31, 2016		January 2, 2016
	(In thousands, except per share data)
Numerator:
Net income	$	44,864	$	27,138

Denominator:
Weighted average common shares outstanding	73,554		77,921
Effect of dilutive stock options and restricted stock units	3,621		3,284
Denominator for diluted earnings per share	77,175		81,205

Net income per share:
Basic	$	0.61	$	0.35
Diluted	$	0.58	$	0.33

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
	December 31, 2016	January 2, 2016
	(In thousands)
Potentially dilutive securities:
Employee stock options	29	779
Restricted stock units	72	2
Total	101	781