Earnings Per Share

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share for the three and six months ended March 30, 2019 and March 31, 2018 (in thousands, except per share amounts):



	Three Months Ended				Six Months Ended
	March 30, 2019		March 31, 2018		March 30, 2019		March 31, 2018
Net income (loss)	24,758		12,290		46,984		(86,203		)
Basic weighted average common shares outstanding	30,603		33,538		31,003		33,552
Dilutive effect of share-based awards outstanding	782		849		833		—
Diluted weighted average shares outstanding	31,385		34,387		31,836		33,552
Earnings (loss) per share:
Basic	$	0.81	$	0.37	$	1.52	$	(2.57	)
Diluted	$	0.79	$	0.36	$	1.48	$	(2.57	)

For both the three and six months ended March 30, 2019, 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 March 31, 2018, share-based awards for approximately 0.3 million shares were not included in the computation of diluted earnings per share as they were antidilutive. For the six months ended March 31, 2018, the total number of potentially dilutive share-based awards was 2.0 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.