Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.24.2.u1
Earnings Per Share
9 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 14—Earnings Per Share

The following is a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 29, 2024

 

 

July 1, 2023

 

 

June 29, 2024

 

 

July 1, 2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

60,650

 

 

$

72,547

 

 

$

(13,456

)

 

$

10,761

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

184,834

 

 

 

183,932

 

 

 

184,614

 

 

 

183,725

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

RSUs

 

 

27

 

 

 

828

 

 

 

 

 

 

1,027

 

Weighted average shares outstanding - diluted

 

 

184,861

 

 

 

184,760

 

 

 

184,614

 

 

 

184,752

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.33

 

 

$

0.39

 

 

$

(0.07

)

 

$

0.06

 

Diluted earnings per share

 

$

0.33

 

 

$

0.39

 

 

$

(0.07

)

 

$

0.06

 

 

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because the effect of including such shares would have been antidilutive (in thousands):

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

June 29, 2024

 

 

July 1, 2023

 

 

June 29, 2024

 

 

July 1, 2023

 

Stock Options

 

 

 

2,253

 

 

 

3,502

 

 

 

2,780

 

 

 

3,591

 

RSUs

 

 

 

2,351

 

 

 

1,587

 

 

 

1,459

 

 

 

778

 

Total

 

 

 

4,604

 

 

 

5,089

 

 

 

4,239

 

 

 

4,369