Note 10 Earnings Per Share

3 Months Ended

Dec. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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 30, 2017			December 31, 2016
	(In thousands, except per share data)
Numerator:
Net income (loss)	$	(154,910	)	$	44,864
Denominator:
Weighted average common shares outstanding	71,605			73,554
Effect of dilutive stock options and restricted stock units	—			3,621
Denominator for diluted earnings per share	71,605			77,175
Net income (loss) per share:
Basic	$	(2.16	)	$	0.61
Diluted	$	(2.16	)	$	0.58

The Company reported a net loss of $155 million for the first quarter of 2018 and, as such, 4 million potentially dilutive securities have been excluded from the calculation of diluted earnings per share.