Earnings Per Share and Dividends

9 Months Ended

Jun. 27, 2020

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



	Three Months Ended		Nine Months Ended
	June 27, 2020	June 29, 2019	June 27, 2020	June 29, 2019
Basic weighted-average shares outstanding	32,601,481	34,904,487	33,515,584	34,869,021
Dilutive effect of equity-based awards	—	335,347	207,139	333,498
Diluted weighted-average shares outstanding	32,601,481	35,239,834	33,722,723	35,202,519

For the three and nine months ended June 27, 2020, there were 449,199 and 103,356 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 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.

We declared and paid cash dividends of $0.25 per share on our Class A and Class B common stock in the first and second quarters of 2020. We declared and paid cash dividends of $0.25 per share on our Class A and Class B common stock in each quarter of 2019.