EARNINGS PER SHARE

3 Months Ended

Dec. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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
	December 30, 2023		December 31, 2022
	(In thousands, except per share data)
Numerator:
Net income attributable to common shareholders	$	57,068	$	92,014
Denominator:
Weighted average common shares outstanding	56,538		57,727
Effect of dilutive stock options and restricted stock units	1,702		2,140
Denominator for diluted earnings per share	58,240		59,867
Net income attributable to common shareholders per share:
Basic	$	1.01	$	1.59
Diluted	$	0.98	$	1.54

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.