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Earnings Per Share and Certain Related Information
 12 Months Ended
Sep. 27, 2024
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
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 and the preferred redeemable noncontrolling interests redemption value adjustment associated with the PA Consulting transaction in fiscal 2024.
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, 2024, September 29, 2023 and September 30, 2022 (in thousands):
For the Years Ended
September 27, 2024September 29, 2023September 30, 2022
Numerator for Basic and Diluted EPS:
Net earnings attributable to Jacobs from continuing operations$612,804 $379,125 $354,164 
Redeemable Noncontrolling interests redemption value adjustment (See Note 15- PA Consulting Business Combination)
(10,274)8,340 — 
Net earnings from continuing operations allocated to common stock for EPS calculation$602,530 $387,465 $354,164 
Net earnings from discontinued operations allocated to common stock for EPS calculation$193,289 $286,652 $289,875 
Net earnings allocated to common stock for EPS calculation$795,819 $674,117 $644,039 
Denominator for Basic and Diluted EPS:
Shares used for calculating basic EPS attributable to common stock125,324 126,607 128,665 
Effect of dilutive securities:
Stock compensation plans557 607 780 
Shares used for calculating diluted EPS attributable to common stock125,881 127,214 129,445 
Net Earnings Per Share:
Basic Net Earnings from Continuing Operations Per Share$4.81 $3.06 $2.75 
Basic Net Earnings from Discontinued Operations Per Share$1.54 $2.26 $2.25 
Basic Earnings Per Share:$6.35 $5.32 $5.01 
Diluted Net Earnings from Continuing Operations Per Share$4.79 $3.05 $2.74 
Diluted Net Earnings from Discontinued Operations Per Share$1.54 $2.25 $2.24 
Diluted Earnings Per Share: $6.32 $5.30 $4.98 
Note: Earnings per share amounts may not add due to rounding
Share Repurchases
On January 16, 2020, the Company's Board of Directors authorized a share repurchase program of up to $1.0 billion of the Company's common stock (the "2020 Repurchase Authorization"). In the fourth quarter of fiscal 2021 the Company launched an accelerated share repurchase program by advancing $250 million to a financial institution in a privately negotiated transaction, with final non-cash settlement on the program during the first quarter of fiscal 2022 of 342,054 shares.
The 2020 Repurchase Authorization expired on January 15, 2023. On January 25, 2023, the Company's Board of Directors authorized an incremental share repurchase program of up to $1.0 billion of the Company's common stock, to expire on January 25, 2026 (the "2023 Repurchase Authorization"). At September 27, 2024, the Company had $472.2 million remaining under the 2023 Repurchase Authorization.
The following table summarizes repurchase activity under the 2020 Repurchase Authorization during fiscal 2023 through expiration during the second fiscal quarter of 2023:
Amount Authorized
(2020 Repurchase Authorization)		Average Price Per Share (1)Shares RepurchasedTotal Shares Retired
$1,000,000,000$113.561,237,6881,237,688
(1)Includes commissions paid and excise tax due under the Inflation Reduction Act of 2022 and calculated at the average price per share.

The following table summarizes the activity under the 2023 Repurchase Authorization during fiscal 2024:
Amount Authorized
(2023 Repurchase Authorization)		Average Price Per Share (1)Shares RepurchasedTotal Shares Retired
$1,000,000,000$139.472,887,1732,887,173
(1)Includes commissions paid and excise tax due under the Inflation Reduction Act of 2022 and calculated at the average price per share.
Our share repurchase programs do not obligate the Company to purchase any shares. 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 authorization for the share repurchase programs 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.
Common and Preferred Stock
Jacobs is authorized to issue two classes of capital stock designated “common stock” and “preferred stock” (each has a par value of $1.00 per share). The preferred stock may be issued in one or more series. The number of shares to be included in a series as well as each series’ designation, relative powers, dividend and other preferences, rights and qualifications, redemption provisions and restrictions are to be fixed by the Company’s Board of Directors at the time each series is issued. Except as may be provided by the Company’s Board of Directors in a preferred stock designation, or otherwise provided for by statute, the holders of shares of common stock have the exclusive right to vote for the election of directors and on all other matters requiring stockholder action. The holders of shares of common stock are entitled to dividends if and when declared by the Company’s Board of Directors from whatever assets are legally available for that purpose.
Dividends
On September 26, 2024, the Company’s Board of Directors declared a quarterly dividend of $0.29 per share of the Company’s common stock, which was paid on November 22, 2024, to shareholders of record on the close of business on October 25, 2024. Future dividend declarations are subject to review and approval by the Company’s Board of Directors.
Dividends paid through September 27, 2024 and the preceding fiscal year are as follows:  
Declaration DateRecord DatePayment DateCash Amount (per share)
July 11, 2024July 26, 2024August 23, 2024$0.29
May 2, 2024May 24, 2024June 21, 2024$0.29
January 25, 2024February 23, 2024March 22, 2024$0.29
September 28, 2023October 27, 2023November 9, 2023$0.26
July 6, 2023July 28, 2023August 25, 2023$0.26
April 27, 2023May 26, 2023June 23, 2023$0.26
January 25, 2023February 24, 2023March 24, 2023$0.26