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Earnings Per Share and Certain Related Information | 3 Months Ended
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Dec. 28, 2018
Earnings Per Share Reconciliation [Abstract] |
Earnings Per Share and Certain Related Information | Earnings Per Share and Certain Related Information Basic and diluted earnings per share (“EPS”) are computed using the two-class method, which is an earnings allocation method that determines EPS for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings. Net earnings used for the purpose of determining basic and diluted EPS is determined by taking net earnings, less earnings available to participating securities. The following table reconciles the denominator used to compute basic EPS to the denominator used to compute diluted EPS for the three months ended December 28, 2018 and December 29, 2017 (in thousands):
| Three Months Ended
| December 28, 2018 |  | December 29, 2017
Numerator for Basic and Diluted EPS: |  |  |
Net earnings attributable to Jacobs from continuing operations | $ | 64,894 |  |  | $ | (34,234 | )
Net earnings from continuing operations allocated to participating securities | (135 | ) |  | 243 |
Net earnings from continuing operations allocated to common stock for EPS calculation | $ | 64,759 |  |  | $ | (33,991 | )
Net earnings attributable to Jacobs from discontinued operations | $ | 59,402 |  |  | $ | 36,397 |
Net earnings from discontinued operations allocated to participating securities | (124 | ) |  | (258 | )
Net earnings from discontinued operations allocated to common stock for EPS calculation | $ | 59,278 |  |  | $ | 36,139 |
Net earnings allocated to common stock for EPS calculation | $ | 124,037 |  |  | $ | 2,148 |
Denominator for Basic and Diluted EPS: |  |  |
Weighted average basic shares | 142,451 |  |  | 125,008 |
Shares allocated to participating securities | (297 | ) |  | (886 | )
Shares used for calculating basic EPS attributable to common stock | 142,154 |  |  | 124,122 |
Effect of dilutive securities: |  |  |
Stock compensation plans | 1,424 |  |  | 1,023 |
Shares used for calculating diluted EPS attributable to common stock | 143,578 |  |  | 125,145 |
Net Earnings Per Share: |  |  |
Basic Net Earnings from Continuing Operations Per Share | $ | 0.45 |  |  | $ | (0.27 | )
Basic Net Earnings from Discontinued Operations Per Share | $ | 0.42 |  |  | $ | 0.29 |
Basic EPS | $ | 0.87 |  |  | $ | 0.02 |
Diluted Net Earnings from Continuing Operations Per Share | $ | 0.45 |  |  | $ | (0.27 | )
Diluted Net Earnings from Discontinued Operations Per Share | $ | 0.41 |  |  | $ | 0.29 |
Diluted EPS | $ | 0.86 |  |  | $ | 0.02 |
Share Repurchases On July 23, 2015, the Company’s Board of Directors authorized a share repurchase program of up to $500.0 million of the Company’s common stock, to expire on July 31, 2018. On July 19, 2018, the Company's Board of Directors authorized the continuation of this share repurchase program for an additional three years, to expire on July 31, 2021. The following table summarizes the activity under this program during fiscal 2019:
Amount Authorized |  | Average Price Per Share (1) |  | Total Shares Retired |  | Shares Repurchased
$500,000,000 |  | $60.95 |  | 2,324,161 |  | 2,324,161
(1) | Includes commissions paid and calculated at the average price per share.
On January 17, 2019, the Company’s Board of Directors authorized an additional share repurchase program of up to $1.0 billion of the Company’s common stock, to expire on January 16, 2022. No shares have been repurchased under this program. Share repurchases may be executed through various means including, without limitation, accelerated share repurchases, open market transactions, privately negotiated transactions, purchases pursuant to a Rule 10b5-1 plan or otherwise. The share repurchase program does not obligate the Company to purchase any shares. The authorization for the share repurchase program may be terminated, increased or decreased by the Company’s Board of Directors in its discretion at any time. The timing, amount and manner of share repurchases may depend upon market conditions and economic circumstances, availability of investment opportunities, the availability and costs of financing, currency fluctuations, the market price of the Company's common stock, other uses of capital and other factors. Dividend Program On January 17, 2019, the Company’s Board of Directors declared a quarterly dividend of $0.17 per share of the Company’s common stock that will be paid on March 15, 2019, to shareholders of record on the close of business on February 15, 2019. Future dividend declarations are subject to review and approval by the Company’s Board of Directors. Dividends paid during the first fiscal quarter of 2019 and the preceding fiscal year are as follows:
Declaration Date |  | Record Date |  | Payment Date |  | Cash Amount (per share)
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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