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Earnings per Share (EPS) and Common Stock
 6 Months Ended
Mar. 28, 2020
Earnings Per Share and Common Stock  
Earnings per Share (EPS) and Common Stock Earnings per Share (EPS) and Common Stock
EPS
Basic EPS is calculated by dividing net income by the weighted-average number of shares outstanding during the period. Diluted EPS is calculated by dividing net income by the weighted-average number of shares outstanding plus the dilutive effect, if any, of outstanding RSUs using the treasury stock method. The calculation of the dilutive effect of outstanding equity awards under the treasury stock method includes consideration of unrecognized compensation expense as additional proceeds.
 
Three months ended
 
Six months ended
Calculation of Basic and Diluted EPS (in thousands, except per share data)
March 28,
2020
 
March 30,
2019
 
March 28,
2020
 
March 30,
2019
Net income (loss)
$
7,156

 
$
(43,513
)
 
$
42,611

 
$
(22,528
)
Weighted-average shares outstanding—Basic
115,606

 
118,461

 
115,401

 
118,392

Dilutive effect of restricted stock units
411

 
—

 
455

 
—

Weighted-average shares outstanding—Diluted
116,017

 
118,461

 
115,856

 
118,392

Earnings (loss) per share—Basic
$
0.06

 
$
(0.37
)
 
$
0.37

 
$
(0.19
)
Earnings (loss) per share—Diluted
$
0.06

 
$
(0.37
)
 
$
0.37

 
$
(0.19
)


There were 331,464 and 90,555 anti-dilutive shares for the three and the six months ended March 28, 2020. For the three and six months ended March 30, 2019 the diluted net loss per share is the same as the basic net loss per share as the effects of all our potential common stock equivalents are antidilutive because we reported a loss for the periods.
Common Stock Repurchases
Our Articles of Organization authorize us to issue up to 500 million shares of our common stock. Our Board of Directors has authorized us to repurchase up to $1,500 million of our common stock in the period October 1, 2017 through September 30, 2020. We did not repurchase any shares in the second quarter and first six months of 2020. We repurchased $65.0 million of our common stock in the second quarter and first six months of 2019. All shares of our common stock repurchased are automatically restored to the status of authorized and unissued.