Note 12 Earnings Per Share

6 Months Ended

Apr. 02, 2022

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 2, 2022		April 3, 2021		April 2, 2022		April 3, 2021
	(In thousands, except per share data)
Numerator:
Net income	$	53,220	$	47,037	$	111,854	$	95,058
Denominator:
Weighted average common shares outstanding	62,845		65,249		63,622		65,244
Effect of dilutive stock options and restricted stock units	1,426		1,708		1,743		1,643
Denominator for diluted earnings per share	64,271		66,957		65,365		66,887
Net income per share:
Basic	$	0.85	$	0.72	$	1.76	$	1.46
Diluted	$	0.83	$	0.70	$	1.71	$	1.42