Note 13 Earnings Per Share

12 Months Ended

Oct. 03, 2020

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
	October 3, 2020		September 28, 2019		September 29, 2018
	(In thousands, except per share amounts)
Numerator:
Net income (loss)	$	139,713	$	141,515	$	(95,533)
Denominator:
Weighted average common shares outstanding	69,041		69,129		69,833
Effect of dilutive stock options and restricted stock units	1,752		2,549		—
Denominator for diluted earnings per share	70,793		71,678		69,833
Net income (loss) per share:
Basic	$	2.02	$	2.05	$	(1.37)
Diluted	$	1.97	$	1.97	$	(1.37)

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 for any period presented.