v3.26.1
EARNINGS PER SHARE (Tables)
6 Months Ended
Apr. 04, 2026
Earnings Per Share [Abstract]  
Reconciliation of shares used in the basic and diluted net income per share computation
The following table reflects a reconciliation of the shares used in the basic and diluted net income/(loss) per share computation for the three and six months ended April 4, 2026 and March 29, 2025:
 Three months ended
(in thousands, except per share)April 4, 2026March 29, 2025
 BasicDilutedBasicDiluted
NUMERATOR:    
Net income/(loss)$35,148 $35,148 $(84,519)$(84,519)
DENOMINATOR:    
Weighted average shares outstanding - Basic52,327 52,327 53,311 53,311 
Dilutive effect of Equity Plans794 — 
Weighted average shares outstanding - Diluted 53,121  53,311 
EPS:    
Net income/(loss) per share - Basic$0.67 $0.67 $(1.59)$(1.59)
Effect of dilutive shares (0.01) — 
Net income/(loss) per share - Diluted $0.66  $(1.59)
Anti-dilutive shares (1)
3249
 Six months ended
(in thousands, except per share)April 4, 2026March 29, 2025
 BasicDilutedBasicDiluted
NUMERATOR:    
Net income /(loss)$51,944 $51,944 $(2,877)$(2,877)
DENOMINATOR:
Weighted average shares outstanding - Basic52,323 52,323 53,551 53,551 
Dilutive effect of Equity Plans640 — 
Weighted average shares outstanding - Diluted52,963 53,551 
EPS:
Net income /(loss) per share - Basic$0.99 $0.99 $(0.05)$(0.05)
Effect of dilutive shares(0.01)— 
Net income /(loss) per share - Diluted$0.98 $(0.05)
Anti-dilutive shares (1)
670285
(1) Represents the Time-based RSUs, Relative TSR PSUs and Growth PSUs that are excluded from the calculation of diluted earnings per share for the three and six months ended April 4, 2026 and March 29, 2025 as the effect would have been anti-dilutive.