Earnings Per Share

3 Months Ended

Dec. 29, 2018

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for the three months ended December 29, 2018 and December 30, 2017 (in thousands, except per share amounts):



	Three Months Ended
	December 29, 2018		December 30, 2017
Net income (loss)	22,226		(98,493		)
Basic weighted average common shares outstanding	31,403		33,567
Dilutive effect of share-based awards outstanding	883		—
Diluted weighted average shares outstanding	32,286		33,567
Earnings (loss) per share:
Basic	$	0.71	$	(2.93	)
Diluted	$	0.69	$	(2.93	)

For the three months ended December 29, 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 three months ended December 30, 2017, there were no antidilutive shares, but the total number of potentially dilutive share-based awards was 1.1 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.