Earnings Per Share

3 Months Ended

Dec. 29, 2023

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 29, 2023		December 30, 2022
Earnings:
Net income from Continuing Operations attributable to Aramark stockholders	$	28,536	$	38,498
Income from Discontinued Operations, net of tax	—		35,653
Net income attributable to Aramark stockholders	$	28,536	$	74,151
Shares:
Basic weighted-average shares outstanding	262,053		259,454
Effect of dilutive securities	2,234		1,960
Diluted weighted-average shares outstanding	264,287		261,414

Basic earnings per share attributable to Aramark stockholders:
Income from Continuing Operations	$	0.11	$	0.15
Income from Discontinued Operations	—		0.14
Basic earnings per share attributable to Aramark stockholders	$	0.11	$	0.29
Diluted earnings per share attributable to Aramark stockholders:
Income from Continuing Operations	$	0.11	$	0.15
Income from Discontinued Operations	—		0.13
Diluted earnings per share attributable to Aramark stockholders	$	0.11	$	0.28

Share-based awards to purchase 13.1 million and 9.1 million shares were outstanding for the three months ended December 29, 2023 and December 30, 2022, 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 and 0.8 million shares were outstanding for the three months ended December 29, 2023 and December 30, 2022, respectively, but were not included in the computation of diluted earnings per common share, as the performance targets were not yet met.