Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.23.2
Earnings Per Share (Tables)
9 Months Ended
Jul. 01, 2023
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 1, 2023

 

 

July 2, 2022

 

 

July 1, 2023

 

 

July 2, 2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

72,547

 

 

$

122,986

 

 

$

10,761

 

 

$

101,095

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

183,932

 

 

 

182,937

 

 

 

183,725

 

 

 

184,707

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options

 

 

 

 

 

1

 

 

 

 

 

 

52

 

RSUs

 

 

828

 

 

 

1,783

 

 

 

1,027

 

 

 

1,936

 

Weighted average shares outstanding - diluted

 

 

184,760

 

 

 

184,721

 

 

 

184,752

 

 

 

186,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.39

 

 

$

0.67

 

 

$

0.06

 

 

$

0.55

 

Diluted earnings per share

 

$

0.39

 

 

$

0.67

 

 

$

0.06

 

 

$

0.54

 

 

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 1, 2023

 

 

July 2, 2022

 

 

July 1, 2023

 

 

July 2, 2022

 

Stock Options

 

 

 

3,502

 

 

 

3,967

 

 

 

3,591

 

 

 

1,742

 

RSUs

 

 

 

1,587

 

 

 

563

 

 

 

778

 

 

 

551

 

Total

 

 

 

5,089

 

 

 

4,530

 

 

 

4,369

 

 

 

2,293