Earnings (Loss) Per Share

9 Months Ended

Jun. 26, 2020

EARNINGS (LOSS) PER SHARE:

Basic earnings (loss) per share is computed using the weighted average number of common shares outstanding during the periods presented. Diluted earnings (loss) 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 (loss) per share attributable to the Company's stockholders (in thousands, except per share data):


	Three Months Ended						Nine Months Ended
	June 26, 2020		June 28, 2019		June 26, 2020		June 28, 2019
(Loss) Earnings:
Net (loss) income attributable to Aramark stockholders	$	(256,440)	$	82,955	$	(312,939)	$	362,992
Shares:
Basic weighted-average shares outstanding	252,943		246,928		251,343		246,665
Effect of dilutive securities⁽¹⁾	—		4,219		—		4,606
Diluted weighted-average shares outstanding	252,943		251,147		251,343		251,271

Basic (Loss) Earnings Per Share:
Net (loss) income attributable to Aramark stockholders	$	(1.01)	$	0.34	$	(1.25)	$	1.47
Diluted (Loss) Earnings Per Share:
Net (loss) income attributable to Aramark stockholders	$	(1.01)	$	0.33	$	(1.25)	$	1.44


(1)			Incremental shares of 0.8 million and 2.6 million have been excluded from the computation of diluted weighted-average shares outstanding for the three and nine months ended June 26, 2020, respectively, because the effect would have been antidilutive due to the net loss attributable to Aramark stockholders during both periods.

Share-based awards to purchase 8.8 million and 7.3 million shares were outstanding for the three months ended June 26, 2020 and June 28, 2019, respectively, but were not included in the computation of diluted (loss) earnings per common share, as their effect would have been antidilutive. In addition, PSUs related to 1.6 million shares were outstanding for both the three months ended June 26, 2020 and June 28, 2019, respectively, but were not included in the computation of diluted (loss) earnings per common share, as the performance targets were not yet met.

Share-based awards to purchase 5.3 million and 7.8 million shares were outstanding for the nine months ended June 26, 2020 and June 28, 2019, respectively, but were not included in the computation of diluted (loss) earnings per common share, as their effect would have been antidilutive. In addition, PSUs related to 1.6 million shares were outstanding for both the nine months ended June 26, 2020 and June 28, 2019, respectively, but were not included in the computation of diluted (loss) earnings per common share, as the performance targets were not yet met.