Earnings Per Share

12 Months Ended

Sep. 27, 2019

EARNINGS PER SHARE:

Basic earnings per share is computed using the weighted average number of common shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares outstanding adjusted to include the potentially dilutive effect of stock awards.

The following table sets forth the computation of basic and diluted earnings per share attributable to the Company's stockholders (in thousands, except per share data):



	Fiscal Year Ended
	September 27, 2019		September 28, 2018		September 29, 2017
Earnings:
Net income attributable to Aramark stockholders	$	448,549	$	567,885	$	373,923
Shares:
Basic weighted-average shares outstanding	246,854		245,771		244,453
Effect of dilutive securities	5,156		7,581		7,104
Diluted weighted-average shares outstanding	252,010		253,352		251,557

Basic Earnings Per Share:
Net income attributable to Aramark stockholders	$	1.82	$	2.31	$	1.53
Diluted Earnings Per Share:
Net income attributable to Aramark stockholders	$	1.78	$	2.24	$	1.49

Share-based awards to purchase 5.2 million, 1.6 million and 3.9 million shares were outstanding at September 27, 2019, September 28, 2018 and September 29, 2017, respectively, but were not included in the computation of diluted earnings per common share, as their effect would have been antidilutive. In addition, PSUs related to 1.3 million shares, 1.2 million shares and 1.2 million shares were outstanding at September 27, 2019, September 28, 2018 and September 29, 2017, respectively, but were not included in the computation of diluted earnings per common share, as the performance targets were not yet met.