Note 12 Earnings Per Share

12 Months Ended

Sep. 28, 2019

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 28, 2019		September 29, 2018			September 30, 2017
	(In thousands, except per share amounts)
Numerator:
Net income (loss)	$	141,515	$	(95,533	)	$	138,833
Denominator:
Weighted average common shares outstanding	69,129		69,833			74,481
Effect of dilutive stock options and restricted stock units	2,549		—			3,647
Denominator for diluted earnings per share	71,678		69,833			78,128
Net income (loss) per share:
Basic	$	2.05	$	(1.37	)	$	1.86
Diluted	$	1.97	$	(1.37	)	$	1.78

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 were not material.