Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.21.2
Net Income Per Share (Tables)
9 Months Ended
Jul. 03, 2021
Earnings Per Share [Abstract]  
Summary of Reconciliation of Basic Weighted Average Common Shares Outstanding to Diluted Weighted Average Common Shares Outstanding

The following is a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

July 3, 2021

 

 

June 27, 2020

 

 

July 3, 2021

 

 

June 27, 2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

118,802

 

 

$

71,934

 

 

$

82,093

 

 

$

15,921

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

188,264

 

 

 

156,500

 

 

 

184,021

 

 

 

156,500

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2,792

 

 

 

-

 

 

 

1,914

 

 

 

-

 

RSUs

 

 

3,144

 

 

 

-

 

 

 

3,668

 

 

 

-

 

Weighted average shares outstanding - diluted

 

 

194,200

 

 

 

156,500

 

 

 

189,603

 

 

 

156,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.63

 

 

$

0.46

 

 

$

0.45

 

 

$

0.10

 

Diluted net income per share

 

$

0.61

 

 

$

0.46

 

 

$

0.43

 

 

$

0.10