v3.25.2
EARNINGS PER SHARE (Tables)
 9 Months Ended
Jun. 27, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income Per Share
The following table sets forth the computation of basic and diluted earnings per share:
Three months endedNine months ended
(in thousands, except per share data)June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Numerator:
Net income$42,962 $123,417 $39,243 $399,753 
Less: Undistributed earnings allocated to participating securities625 1,533 100 5,308 
Net income available to common shareholders$42,337 $121,884 $39,143 $394,445 
Denominator:
Basic weighted average common shares outstanding33,653 36,252 34,167 36,739 
Effect of dilutive securities: Non-participating employee stock options (1)
200 364 224 435 
Diluted weighted average common shares outstanding33,853 36,616 34,391 37,174 
Basic earnings per share$1.26 $3.36 $1.15 $10.74 
Diluted earnings per share$1.25 $3.33 $1.14 $10.61 
(1) Stock options to purchase shares of common stock that would have been anti-dilutive are not included in the calculation. There were no anti-dilutive options outstanding during the three and nine months ended June 27, 2025 and June 28, 2024.