Note 12 Earnings Per Share

9 Months Ended

Jul. 01, 2023

Earnings Per Share

Basic and diluted per share amounts are calculated by dividing net income attributable to common shareholders by the weighted average number of shares of common stock outstanding during the period, as follows:


	Three Months Ended				Nine Months Ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
			(Restated)				(Restated)
	(In thousands, except per share data)
Numerator:
Net income attributable to common shareholders	$	76,494	$	77,222	$	248,129	$	182,020

Denominator:

Weighted average common shares outstanding	57,987		59,970		57,995		62,404
Effect of dilutive stock options and restricted stock units	1,605		1,732		2,001		1,888
Denominator for diluted earnings per share	59,592		61,702		59,996		64,292

Net income attributable to common shareholders per share:
Basic	$	1.32	$	1.29	$	4.28	$	2.92
Diluted	$	1.28	$	1.25	$	4.14	$	2.83

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.