Earnings Per Share

3 Months Ended

Dec. 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):



	Three Months Ended
	December 27, 2019		December 28, 2018
Earnings:
Net income attributable to Aramark stockholders	$	145,761	$	250,682
Shares:
Basic weighted-average shares outstanding	248,731		246,887
Effect of dilutive securities	5,390		6,769
Diluted weighted-average shares outstanding	254,121		253,656

Basic Earnings Per Share:
Net income attributable to Aramark stockholders	$	0.59	$	1.02
Diluted Earnings Per Share:
Net income attributable to Aramark stockholders	$	0.57	$	0.99

Share-based awards to purchase 1.6 million and 4.6 million shares were outstanding for the three months ended December 27, 2019 and December 28, 2018, 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 1.7 million shares and 1.7 million shares were outstanding for the three months ended December 27, 2019 and December 28, 2018, respectively, but were not included in the computation of diluted earnings per common share, as the performance targets were not yet met.