Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.21.2
Earnings Per Share (Tables)
 12 Months Ended
Oct. 02, 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):

 

 

 

Year Ended

 

 

 

October 2, 2021

 

 

October 3, 2020

 

 

September 28, 2019

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

126,634

 

 

$

58,561

 

 

$

702

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

185,412

 

 

 

156,500

 

 

 

156,500

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options

 

 

567

 

 

 

—

 

 

 

—

 

RSUs

 

 

4,030

 

 

 

—

 

 

 

—

 

Weighted average shares outstanding - diluted

 

 

190,009

 

 

 

156,500

 

 

 

156,500

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.68

 

 

$

0.37

 

 

$

0.00

 

Diluted earnings per share

 

$

0.67

 

 

$

0.37

 

 

$

0.00

 
Schedule of Antidilutive Securities Excluded from Calculation of Diluted Net Income Per Share

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

 

 

 

Year Ended

 

 

 

October 2, 2021

 

 

October 3, 2020

 

 

September 28, 2019

 

Stock options

 

 

321

 

 

 

—

 

 

 

—

 

RSUs

 

 

2

 

 

 

—

 

 

 

—

 

 

 

 

323

 

 

 

—

 

 

 

—