| 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):
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Three Months Ended |
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Nine Months Ended |
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June 29, 2024 |
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July 1, 2023 |
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June 29, 2024 |
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July 1, 2023 |
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Numerator: |
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Net income (loss) |
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$ |
60,650 |
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$ |
72,547 |
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$ |
(13,456 |
) |
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$ |
10,761 |
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Denominator: |
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Weighted average shares outstanding - basic |
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184,834 |
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183,932 |
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184,614 |
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|
183,725 |
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Effect of dilutive securities: |
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Stock Options |
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— |
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— |
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— |
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— |
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RSUs |
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27 |
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|
828 |
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— |
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|
1,027 |
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Weighted average shares outstanding - diluted |
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184,861 |
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|
184,760 |
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184,614 |
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184,752 |
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Basic earnings per share |
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$ |
0.33 |
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$ |
0.39 |
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$ |
(0.07 |
) |
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$ |
0.06 |
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Diluted earnings per share |
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$ |
0.33 |
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$ |
0.39 |
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$ |
(0.07 |
) |
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$ |
0.06 |
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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):
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Three Months Ended |
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Nine Months Ended |
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June 29, 2024 |
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July 1, 2023 |
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June 29, 2024 |
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July 1, 2023 |
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Stock Options |
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2,253 |
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3,502 |
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2,780 |
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3,591 |
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RSUs |
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2,351 |
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|
1,587 |
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|
1,459 |
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|
778 |
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Total |
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4,604 |
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5,089 |
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4,239 |
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4,369 |
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