Note 12 Earnings Per Share

3 Months Ended

Dec. 29, 2018

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 29, 2018		December 30, 2017
	(In thousands, except per share data)
Numerator:
Net income (loss)	$	37,952	$	(154,910	)
Denominator:
Weighted average common shares outstanding	68,303		71,605
Effect of dilutive stock options and restricted stock units	2,598		—
Denominator for diluted earnings per share	70,901		71,605
Net income (loss) per share:
Basic	$	0.56	$	(2.16	)
Diluted	$	0.54	$	(2.16	)

Had the Company reported net income in the first quarter of 2018 instead of a net loss, 4 million of potentially dilutive securities would have been included in the calculation of diluted earnings per share.