Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.24.3
Earnings Per Share
12 Months Ended
Sep. 28, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 17—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):

 

 

 

Year Ended

 

 

 

September 28, 2024

 

 

September 30, 2023

 

 

October 1, 2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(23,379

)

 

$

27,242

 

 

$

159,029

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

184,694

 

 

 

183,839

 

 

 

184,347

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock Options

 

 

 

 

 

 

 

 

 

RSUs

 

 

 

 

 

877

 

 

 

1,801

 

Weighted average shares outstanding - diluted

 

 

184,694

 

 

 

184,716

 

 

 

186,148

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

(0.13

)

 

$

0.15

 

 

$

0.86

 

Diluted earnings per share

 

$

(0.13

)

 

$

0.15

 

 

$

0.85

 

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):

 

 

 

Year Ended

 

 

 

September 28, 2024

 

 

September 30, 2023

 

 

October 1, 2022

 

Stock Options

 

 

2,590

 

 

 

3,539

 

 

 

4,020

 

RSUs

 

 

1,387

 

 

 

2,154

 

 

 

601

 

Total

 

 

3,977

 

 

 

5,693

 

 

 

4,621