Note 10 Earnings Per Share

6 Months Ended

Apr. 01, 2017

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 1, 2017		April 2, 2016		April 1, 2017		April 2, 2016
	(In thousands, except per share data)
Numerator:
Net income	$	31,717	$	30,361	$	76,581	$	57,499

Denominator:
Weighted average common shares outstanding	74,761		75,477		74,156		76,605
Effect of dilutive stock options and restricted stock units	3,103		3,048		3,375		3,135
Denominator for diluted earnings per share	77,864		78,525		77,531		79,740

Net income per share:
Basic	$	0.42	$	0.40	$	1.03	$	0.75
Diluted	$	0.41	$	0.39	$	0.99	$	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		Six Months Ended
	April 1, 2017	April 2, 2016	April 1, 2017	April 2, 2016
	(In thousands)
Potentially dilutive securities:
Employee stock options	—	1,531	—	1,550
Restricted stock units	4	64	4	4
Total	4	1,595	4	1,554