Earnings per Share (“EPS”)

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding, less unvested restricted stock for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding and dilutive potential common shares for the period. Potential common shares include the weighted-average dilutive effects of outstanding stock options and unvested restricted stock using the treasury stock method.

The following table sets forth the number of weighted-average shares used to compute basic and diluted EPS:



	Three Months Ended
	December 30, 2018		December 31, 2017
	(in thousands, except per share data)
Net income attributable to Tetra Tech	$	41,997	$	46,034

Weighted-average common shares outstanding – basic	55,390		55,855
Effect of dilutive stock options and unvested restricted stock	976		1,020
Weighted-average common stock outstanding – diluted	56,366		56,875

Earnings per share attributable to Tetra Tech:
Basic	$	0.76	$	0.82
Diluted	$	0.75	$	0.81

For the first quarters of fiscal 2019 and 2018, 0.1 million and 0.3 million options and restricted stock units, respectively, were excluded from the calculation of dilutive potential common shares because the assumed proceeds per share exceeded the average market price per share during the periods. Therefore, their inclusion would have been anti-dilutive.