Earnings Per Share and Dividends

9 Months Ended

Jun. 29, 2019

Earnings Per Share [Abstract]

Earnings Per Share and Dividends

Basic and diluted weighted-average shares outstanding are as follows:

	Three Months Ended		Nine Months Ended
	June 29, 2019	June 30, 2018	June 29, 2019	June 30, 2018
Basic weighted-average shares outstanding	34,904,487	35,762,918	34,869,021	35,768,471
Dilutive effect of equity-based awards	335,347	380,449	333,498	406,288
Diluted weighted-average shares outstanding	35,239,834	36,143,367	35,202,519	36,174,759

For the three and nine months ended June 29, 2019, there were 18,857 and 31,451 common shares from equity-based awards, respectively, excluded from the calculation of diluted earnings per share as they would be anti-dilutive. For the three and nine months ended June 30, 2018, there were 25,570 and 19,780 common shares from equity-based awards, respectively, excluded from the calculation of diluted earnings per share as they would be anti-dilutive.

We declared and paid cash dividends of $0.25 per share on our Class A and Class B common stock in each of the three quarters of 2019. We declared a cash dividend of $0.25 per share on our Class A and Class B common stock in the second quarter of 2018, which was paid in the third quarter of 2018.