Note 12 Earnings Per Share

6 Months Ended

Apr. 03, 2021

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				Six Months Ended
	April 3, 2021		March 28, 2020		April 3, 2021		March 28, 2020
	(In thousands, except per share data)
Numerator:
Net income	$	47,037	$	4,882	$	95,058	$	43,227
Denominator:
Weighted average common shares outstanding	65,249		70,584		65,244		70,377
Effect of dilutive stock options and restricted stock units	1,708		1,661		1,643		2,052
Denominator for diluted earnings per share	66,957		72,245		66,887		72,429
Net income per share:
Basic	$	0.72	$	0.07	$	1.46	$	0.61
Diluted	$	0.70	$	0.07	$	1.42	$	0.60