Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.22.2
Earnings Per Share (Tables)
9 Months Ended
Jul. 02, 2022
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, except per share amounts):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

July 2, 2022

 

 

July 3, 2021

 

 

July 2, 2022

 

 

July 3, 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

122,986

 

 

$

118,802

 

 

$

101,095

 

 

$

82,093

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

182,937

 

 

 

188,264

 

 

 

184,707

 

 

 

184,021

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1

 

 

 

2,792

 

 

 

52

 

 

 

1,914

 

RSUs

 

 

1,783

 

 

 

3,144

 

 

 

1,936

 

 

 

3,668

 

Weighted average shares outstanding - diluted

 

 

184,721

 

 

 

194,200

 

 

 

186,695

 

 

 

189,603

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.67

 

 

$

0.63

 

 

$

0.55

 

 

$

0.45

 

Diluted earnings per share

 

$

0.67

 

 

$

0.61

 

 

$

0.54

 

 

$

0.43

 

 

Schedule of Antidilutive Securities Excluded from Calculation of Diluted Earnings Per Share

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

 

 

 

 

July 2, 2022

 

 

July 3, 2021

 

 

July 2, 2022

 

 

July 3, 2021

 

Stock options

 

 

 

3,967

 

 

 

290

 

 

 

1,742

 

 

 

218

 

RSUs

 

 

 

563

 

 

 

—

 

 

 

551

 

 

 

116

 

Total

 

 

 

4,530

 

 

 

290

 

 

 

2,293

 

 

 

334