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Note 11 Earnings Per Share
12 Months Ended
Sep. 29, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
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
 
September 29,
2018
 
September 30,
2017
 
October 1, 2016
 
(In thousands, except per share amounts)
Numerator:
 
 
 
 
 
 Net income (loss)
$
(95,533
)
 
$
138,833

 
$
187,838

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted average common shares outstanding
69,833

 
74,481

 
75,094

Effect of dilutive stock options and restricted stock units

 
3,647

 
3,693

Denominator for diluted earnings per share
69,833

 
78,128

 
78,787

 
 
 
 
 
 
Net income (loss) per share:
 
 
 
 
 
Basic
$
(1.37
)
 
$
1.86

 
$
2.50

Diluted
$
(1.37
)
 
$
1.78

 
$
2.38


 
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
 
September 29, 2018
 
September 30, 2017
 
October 1, 2016
Potentially dilutive securities:
(In thousands)
Employee stock options
2,061

 

 
477

Restricted stock units
1,460

 
6

 
3

Total
3,521

 
6

 
480



Had the Company reported net income in 2018 instead of a net loss, 3 million potentially dilutive securities would have been included in the calculation of diluted earnings per share.