Note 10 Earnings Per Share

9 Months Ended

Jul. 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				Nine Months Ended
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
	(In thousands, except per share data)
Numerator:
Net income	$	36,404	$	29,534	$	112,985	$	87,033

Denominator:
Weighted average common shares outstanding	75,332		73,620		74,548		75,609
Effect of dilutive stock options and restricted stock units	2,909		3,372		3,369		3,263
Denominator for diluted earnings per share	78,241		76,992		77,917		78,872

Net income per share:
Basic	$	0.48	$	0.40	$	1.52	$	1.15
Diluted	$	0.47	$	0.38	$	1.45	$	1.10

Weighted-average dilutive securities have been excluded from the above calculation if their inclusion would have had an anti-dilutive effect under ASC Topic 260, Earnings per Share, due to application of the treasury stock method. The number of such securities excluded was not material for any period presented herein.