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Earnings Per Share and Certain Related Information
 3 Months Ended
Dec. 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 (“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.
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 27, 2024 and December 29, 2023 (in thousands):
Three Months Ended
December 27, 2024December 29, 2023
Numerator for Basic and Diluted EPS:
Net (loss) earnings attributable to Jacobs from continuing operations$(17,129)$128,346 
Preferred Redeemable Noncontrolling interests redemption value adjustment (See Note 16- PA Consulting Redeemable Noncontrolling Interests)
4,568 1,766 
Net (loss) earnings from continuing operations allocated to common stock for EPS calculation$(12,561)$130,112 
Net (loss) earnings from discontinued operations allocated to common stock for EPS calculation$(1,001)$43,264 
Net (loss) earnings allocated to common stock for EPS calculation$(13,562)$173,376 
Denominator for Basic and Diluted EPS:
Shares used for calculating basic EPS attributable to common stock124,055 126,105 
Effect of dilutive securities:
Stock compensation plans (1)— 708 
Shares used for calculating diluted EPS attributable to common stock124,055 126,813 
Net Earnings Per Share:
Basic Net (Loss) Earnings from Continuing Operations Per Share$(0.10)$1.03 
Basic Net (Loss) Earnings from Discontinued Operations Per Share$(0.01)$0.34 
Basic (Loss) Earnings Per Share$(0.11)$1.37 
Diluted Net (Loss) Earnings from Continuing Operations Per Share$(0.10)$1.03 
Diluted Net (Loss) Earnings from Discontinued Operations Per Share$(0.01)$0.34 
Diluted (Loss) Earnings Per Share$(0.11)$1.37 
Note: Per share amounts may not add due to rounding.
(1)For the three months ended December 27, 2024, because net (loss) earnings from continuing operations was a loss, the effect of antidilutive securities of 576 was excluded from the denominator in calculating diluted EPS.
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"). 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 December 27, 2024, the Company had $270.8 million remaining under the 2023 Repurchase Authorization. On January 30, 2025, the Company's Board of Directors authorized an incremental share repurchase program of up to $1.5 billion of the Company's common stock, to expire on January 30, 2028 (the "2025 Repurchase Authorization"). No repurchase activity has taken place under the 2025 Share Repurchase Authorization to date.
The following table summarizes repurchase activity under the 2023 Repurchase Authorization through the first fiscal quarter of 2025:
Amount Authorized
(2023 Repurchase Authorization)		Average Price Per Share (1)Total Shares Repurchased and Retired
$1,000,000,000$138.501,455,839
(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 program does 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 Rule 10b5-1 plans 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.
Dividends
On January 30, 2025, the Company’s Board of Directors declared a quarterly dividend of $0.32 per share of the Company’s common stock to be paid on March 21, 2025, to shareholders of record on the close of business on February 21, 2025. Future dividend declarations are subject to review and approval by the Company’s Board of Directors. Dividends paid through the first fiscal quarter of 2025 and the preceding fiscal year are as follows:
Declaration DateRecord DatePayment DateCash Amount (per share)
September 26, 2024October 25, 2024November 22, 2024$0.29
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