Earnings Per Share

3 Months Ended

Dec. 31, 2022

Earnings Per Share

Earnings Per Share

Note 12. Earnings Per Share

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

	Three Months Ended
	December 31,		January 1,
	2022		2022
	(Restated)
	(In thousands, except per share data)
Numerator:
Net income due to common shareholders	$	92,014	$	56,177
Denominator:
Weighted average common shares outstanding		57,727		64,399
Effect of dilutive stock options and restricted stock units		2,140		1,834
Denominator for diluted earnings per share		59,867		66,233
Net income due to common shareholders per share:
Basic	$	1.59	$	0.87
Diluted	$	1.54	$	0.85