Note 12 Earnings Per Share

9 Months Ended

Jul. 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				Nine Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
	(In thousands, except per share data)
Numerator:
Net income	$	117,375	$	44,880	$	212,433	$	88,107
Denominator:
Weighted average common shares outstanding	65,427		68,216		65,306		69,657
Effect of dilutive stock options and restricted stock units	1,925		1,429		1,749		1,847
Denominator for diluted earnings per share	67,352		69,645		67,055		71,504
Net income per share:
Basic	$	1.79	$	0.66	$	3.25	$	1.26
Diluted	$	1.74	$	0.64	$	3.17	$	1.23