Note 13 Earnings Per Share

12 Months Ended

Oct. 02, 2021

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 2, 2021		October 3, 2020		September 28, 2019
	(In thousands, except per share amounts)
Numerator:
Net income	$	268,998	$	139,713	$	141,515
Denominator:
Weighted average common shares outstanding	65,318		69,041		69,129
Effect of dilutive stock options and restricted stock units	1,766		1,752		2,549
Denominator for diluted earnings per share	67,084		70,793		71,678
Net income per share:
Basic	$	4.12	$	2.02	$	2.05
Diluted	$	4.01	$	1.97	$	1.97

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.