Earnings Per Share

9 Months Ended

Jun. 29, 2019

Earnings (Loss) Per Share

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for the three and nine months ended June 29, 2019 and June 30, 2018 (in thousands, except per share amounts):



	Three Months Ended				Nine Months Ended
	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Net income (loss)	24,801		26,501		71,785		(59,702		)
Basic weighted average common shares outstanding	29,912		32,796		30,637		33,300
Dilutive effect of share-based awards outstanding	723		855		783		—
Diluted weighted average shares outstanding	30,635		33,651		31,420		33,300
Earnings (loss) per share:
Basic	$	0.83	$	0.81	$	2.34	$	(1.79	)
Diluted	$	0.81	$	0.79	$	2.28	$	(1.79	)

For both the three and nine months ended June 29, 2019, share-based awards for approximately 0.1 million shares were not included in the computation of diluted earnings per share as they were antidilutive.

For the three months ended June 30, 2018, share-based awards for approximately 0.1 million shares were not included in the computation of diluted earnings per share as they were antidilutive. For the nine months ended June 30, 2018, the total number of potentially dilutive share-based awards was 0.9 million; however, these awards were not included in the computation of diluted loss per share, as doing so would have decreased the loss per share.

See also Note 11, "Shareholders' Equity," for information regarding the Company's share repurchase plans.