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Earnings per Share (EPS) and Common Stock | 3 Months Ended
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Dec. 29, 2018
Earnings Per Share and Common Stock |
Earnings per Share (EPS) and Common Stock | Earnings per Share (EPS) and Common Stock EPS Basic EPS is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted EPS is calculated by dividing net income by the weighted average number of shares outstanding plus the dilutive effect, if any, of outstanding RSUs using the treasury stock method. The calculation of the dilutive effect of outstanding equity awards under the treasury stock method includes consideration of unrecognized compensation expense as additional proceeds.
| Three months ended
Calculation of Basic and Diluted EPS | December 29, 2018 |  | December 30, 2017
| (in thousands, except per share data)
Net income | $ | 20,985 |  |  | $ | 13,877 |
Weighted average shares outstanding—Basic | 118,323 |  |  | 115,731 |
Dilutive effect of restricted stock units | 1,315 |  |  | 1,925 |
Weighted average shares outstanding—Diluted | 119,638 |  |  | 117,656 |
Earnings per share—Basic | $ | 0.18 |  |  | $ | 0.12 |
Earnings per share—Diluted | $ | 0.18 |  |  | $ | 0.12 |
There were no antidilutive shares for the three months ended December 29, 2018 and 0.3 million of antidilutive shares for the three months ended December 30, 2017. Common Stock Repurchases Our Articles of Organization authorize us to issue up to 500 million shares of our common stock. Our Board of Directors has authorized us to repurchase up to $1,500 million of our common stock in the period October 1, 2017 through September 30, 2020. We did not repurchase any shares in the first quarter of either 2019 or 2018, but resumed repurchases in the second quarter of 2019 as described in Note 15. Subsequent Events. All shares of our common stock repurchased are automatically restored to the status of authorized and unissued.

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