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Earnings Per Share and Certain Related Information (Tables)

12 Months Ended

Sep. 27, 2019

Earnings Per Share Reconciliation [Abstract]

Earnings Per Share

The following table reconciles the denominator used to compute basic EPS to the denominator used to compute diluted EPS for the years ended September 27, 2019, September 28, 2018 and September 29, 2017 (in thousands):

	For the Years Ended
	September 27, 2019				September 28, 2018				September 30, 2017
Numerator for Basic and Diluted EPS:
Net earnings (loss) attributable to Jacobs from continuing operations	$	290,960			$	(4,185	)		$	170,167
Net earnings (loss) from continuing operations allocated to participating securities	(415		)		—				(1,783		)
Net earnings (loss) from continuing operations allocated to common stock for EPS calculation	$	290,545			$	(4,185	)		$	168,384
Net earnings (loss) attributable to Jacobs from discontinued operations	$	557,019			$	167,616			$	123,560
Net earnings (loss) from discontinued operations allocated to participating securities	(795		)		(808		)		(1,294		)
Net earnings (loss) from discontinued operations allocated to common stock for EPS calculation	$	556,224			$	166,808			$	122,266
Net earnings allocated to common stock for EPS calculation	$	846,769			$	162,623			$	290,650
Denominator for Basic and Diluted EPS:
Weighted average basic shares	138,104				138,182				120,689
Shares allocated to participating securities	(197		)		(646		)		(1,319		)
Shares used for calculating basic EPS attributable to common stock	137,907				137,536				119,370
Effect of dilutive securities:
Stock compensation plans (1)	1,299				—				777
Shares used for calculating diluted EPS attributable to common stock	139,206				137,536				120,147
Net Earnings Per Share:
Basic Net Earnings (Loss) from Continuing Operations Per Share	$	2.11			$	(0.03	)		$	1.41
Basic Net Earnings from Discontinued Operations Per Share	$	4.03			$	1.21			$	1.02
Basic EPS	$	6.14			$	1.18			$	2.43
Diluted Net Earnings (Loss) from Continuing Operations Per Share	$	2.09			$	(0.03	)		$	1.40
Diluted Net Earnings from Discontinued Operations Per Share	$	4.00			$	1.21			$	1.02
Diluted EPS	$	6.08			$	1.18			$	2.42

(1)

For the fiscal 2018 period, because net earnings (loss) from continuing operations was a loss, the effect of antidilutive securities of 1,176 was excluded from the denominator in calculating diluted EPS.

Share Repurchases

The following table summarizes the activity under this program during fiscal 2019:

Amount Authorized	Average Price Per Share (1)		Shares Repurchased		Total Shares Retired
$1,000,000,000	$86.43		7,014,633		7,014,633

(1)

Includes commissions paid and calculated at the average price per share since the repurchase program authorization date.

The following table summarizes the activity under this program during fiscal 2019:

Amount Authorized		Average Price Per Share (1)		Shares Repurchased		Total Shares Retired
$500,000,000		$61.74		4,005,007		4,005,007

(1)

Includes commissions paid and calculated at the average price per share since the repurchase program authorization date.

Dividends Paid

Dividends paid through September 27, 2019 and the preceding fiscal year are as follows:  

Declaration Date		Record Date		Payment Date		Cash Amount (per share)
July 11, 2019		July 26, 2019		August 23, 2019		$0.17
May 2, 2019		May 17, 2019		June 14, 2019		$0.17
January 17, 2019		February 15, 2019		March 15, 2019		$0.17
September 11, 2018		September 28, 2018		October 26, 2018		$0.15
July 19, 2018		August 3, 2018		August 31, 2018		$0.15
May 3, 2018		May 18, 2018		June 15, 2018		$0.15
January 18, 2018		February 16, 2018		March 16, 2018		$0.15
September 27, 2017		October 13, 2017		November 10, 2017		$0.15

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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