Earnings (Loss) Per Share

3 Months Ended

Jan. 01, 2021

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
	January 1, 2021		December 27, 2019
(Loss) Earnings:
Net (loss) income attributable to Aramark stockholders	$	(81,243)	$	145,761
Shares:
Basic weighted-average shares outstanding	253,668		248,731
Effect of dilutive securities(1)	—		5,390
Diluted weighted-average shares outstanding	253,668		254,121

Basic (Loss) Earnings Per Share:
Net (loss) income attributable to Aramark stockholders	$	(0.32)	$	0.59
Diluted (Loss) Earnings Per Share:
Net (loss) income attributable to Aramark stockholders	$	(0.32)	$	0.57


(1)			Incremental shares of 1.9 million have been excluded from the computation of diluted weighted-average shares outstanding for the three months ended January 1, 2021 because the effect would have been antidilutive due to the net loss attributable to Aramark stockholders during the period.

Share-based awards to purchase 13.4 million and 1.6 million shares were outstanding for the three months ended January 1, 2021 and December 27, 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 1.1 million and 1.7 million shares were outstanding for the three months ended January 1, 2021 and December 27, 2019, respectively, but were not included in the computation of diluted (loss) earnings per common share, as the performance targets were not yet met.