Note 12 Earnings Per Share

6 Months Ended

Mar. 30, 2019

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
	March 30, 2019		March 31, 2018		March 30, 2019		March 31, 2018
	(In thousands, except per share data)
Numerator:
Net income (loss)	$	40,885	$	24,632	$	78,837	$	(130,278	)

Denominator:
Weighted average common shares outstanding	68,821		70,441		68,556		71,096
Effect of dilutive stock options and restricted stock units	2,625		3,141		2,606		—
Denominator for diluted earnings per share	71,446		73,582		71,162		71,096

Net income (loss) per share:
Basic	$	0.59	$	0.35	$	1.15	$	(1.83	)
Diluted	$	0.57	$	0.33	$	1.11	$	(1.83	)

Had the Company reported net income in the first half 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.