EARNINGS PER SHARE

12 Months Ended

Sep. 28, 2024

Earnings Per Share

Basic and diluted earnings 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:


	Year Ended
	September 28, 2024		September 30, 2023		October 1, 2022
	(In thousands, except per share amounts)
Numerator:
Net income attributable to common shareholders	$	222,536	$	309,970	$	240,384

Denominator:
Weighted average common shares outstanding	55,592		57,847		61,310
Effect of dilutive stock options and restricted stock units	1,378		1,968		1,807
Denominator for diluted earnings per share	56,970		59,815		63,117

Net income attributable to common shareholders per share:
Basic	$	4.00	$	5.36	$	3.92
Diluted	$	3.91	$	5.18	$	3.81

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.