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Earnings Per Share and Certain Related Information
 9 Months Ended
Jun. 26, 2020
Earnings Per Share Reconciliation [Abstract]  
Earnings Per Share and Certain Related Information Earnings Per Share and Certain Related Information
Basic and diluted earnings per share (“EPS”) are computed using the two-class method, which is an earnings allocation method that determines EPS for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings. Net earnings used for the purpose of determining basic and diluted EPS is determined by taking net earnings, less earnings available to participating securities.
The following table reconciles the denominator used to compute basic EPS to the denominator used to compute diluted EPS for the three and nine months ended June 26, 2020 and June 28, 2019 (in thousands):
Three Months EndedNine Months Ended
June 26, 2020June 28, 2019June 26, 2020June 28, 2019
Numerator for Basic and Diluted EPS:
Net earnings attributable to Jacobs from continuing operations$226,886  $89,365  $284,344  $269,012  
Net earnings from continuing operations allocated to participating securities(24) (105) (77) (444) 
Net earnings from continuing operations allocated to common stock for EPS calculation$226,862  $89,260  $284,267  $268,568  
Net earnings attributable to Jacobs from discontinued operations$18,043  $435,077  $125,511  $436,642  
Net earnings from discontinued operations allocated to participating securities(2) (513) (34) (720) 
Net earnings from discontinued operations allocated to common stock for EPS calculation$18,041  $434,564  $125,477  $435,922  
Net earnings allocated to common stock for EPS calculation$244,903  $523,824  $409,744  $704,490  
Denominator for Basic and Diluted EPS:
Weighted average basic shares130,229  136,772  131,995  139,263  
Shares allocated to participating securities(14) (161) (36) (230) 
Shares used for calculating basic EPS attributable to common stock130,215  136,611  131,959  139,033  
Effect of dilutive securities:
Stock compensation plans1,048  1,212  1,188  1,206  
Shares used for calculating diluted EPS attributable to common stock131,263  137,823  133,147  140,239  
Net Earnings Per Share:
Basic Net Earnings from Continuing Operations Per Share$1.74  $0.65  $2.15  $1.93  
Basic Net Earnings from Discontinued Operations Per Share$0.14  $3.18  $0.95  $3.14  
Basic Earnings Per Share$1.88  $3.83  $3.11  $5.07  
Diluted Net Earnings from Continuing Operations Per Share$1.73  $0.65  $2.13  $1.92  
Diluted Net Earnings from Discontinued Operations Per Share$0.14  $3.15  $0.94  $3.11  
Diluted Earnings Per Share$1.87  $3.80  $3.08  $5.02  
Share Repurchases
On January 17, 2019, the Company’s Board of Directors authorized a share repurchase program of up to $1.0 billion of the Company’s common stock, to expire on January 16, 2022 (the "2019 Repurchase Authorization"). During fiscal 2019, the Company launched accelerated share repurchase programs by advancing a total of $500.0 million to two financial institutions in privately negotiated transactions (collectively, the "2019 ASR Programs"). The specific number of shares that the Company repurchased under the 2019 ASR Programs was determined based generally on a discount to the volume-weighted average price per share of the Company's common stock during a calculation period which ended on June 5, 2019 for the first $250.0 million in repurchases and on December 4, 2019 for the second $250.0 million in repurchases. The purchases were recorded as share retirements for purposes of calculating earnings per share.
The following table summarizes the activity under the 2019 Repurchase Authorization during fiscal 2020:
Amount Authorized
(2019 Repurchase Authorization)		Average Price Per Share (1)Shares RepurchasedTotal Shares Retired
$1,000,000,000$79.933,576,1043,576,104
(1)Includes commissions paid and calculated at the average price per share

As a precautionary measure in light of the COVID-19 pandemic, the Company temporarily suspended purchases under the share repurchase plan in March 2020, with such suspension remaining in effect through the fiscal third quarter of 2020. As of June 26, 2020, the Company has $107.9 million remaining under the 2019 Repurchase Authorization.
On January 16, 2020, the Company’s Board of Directors authorized an additional share repurchase program of up to $1.0 billion of the Company’s common stock, to expire on January 15, 2023 (the "2020 Repurchase Authorization"). There have been no repurchases under the 2020 Repurchase Authorization as of June 26, 2020.
The share repurchase programs do not obligate the Company to purchase any shares. Share repurchases may be executed through various means including, without limitation, accelerated share repurchases, open market transactions, privately negotiated transactions, purchases pursuant to a Rule 10b5-1 plan or otherwise. The authorization for the share repurchase programs may be terminated, increased or decreased by the Company’s Board of Directors in its discretion at any time. The timing, amount and manner of share repurchases may depend upon market conditions and economic circumstances, availability of investment opportunities, the availability and costs of financing, currency fluctuations, the market price of the Company's common stock, other uses of capital and other factors.
Dividend Program
On July 9, 2020, the Company’s Board of Directors declared a quarterly dividend of $0.19 per share of the Company’s common stock to be paid on August 21, 2020, to shareholders of record on the close of business on July 24, 2020. Future dividend declarations are subject to review and approval by the Company’s Board of Directors. Dividends paid through the third fiscal quarter of 2020 and the preceding fiscal year are as follows:  
Declaration DateRecord DatePayment DateCash Amount (per share)
May 5, 2020May 20, 2020June 17, 2020$0.19
January 16, 2020January 31, 2020February 28, 2020$0.19
September 19, 2019October 4, 2019November 1, 2019$0.17
July 11, 2019July 26, 2019August 23, 2019$0.17
May 2, 2019May 17, 2019June 14, 2019$0.17
January 17, 2019February 15, 2019March 15, 2019$0.17
September 11, 2018September 28, 2018October 26, 2018$0.15