Basic EPS is calculated by dividing net income by the weighted-average number of shares outstanding during the period. Diluted EPS is calculated by dividing net income by the weighted-average number of shares outstanding plus the dilutive effect, if any, of outstanding RSUs using the treasury stock method. The calculation of the dilutive effect of outstanding equity awards under the treasury stock method includes consideration of unrecognized compensation expense as additional proceeds.

	Three months ended					Nine months ended
Calculation of Basic and Diluted EPS (in thousands, except per share data)	June 27, 2020		June 29, 2019			June 27, 2020		June 29, 2019
Net income (loss)	$	34,678	$	(14,758	)	$	77,289	$	(37,286	)
Weighted-average shares outstanding—Basic		115,759		116,133			115,521		117,636
Dilutive effect of restricted stock units		470		—			460		—
Weighted-average shares outstanding—Diluted		116,229		116,133			115,981		117,636
Earnings (loss) per share—Basic	$	0.30	$	(0.13	)	$	0.67	$	(0.32	)
Earnings (loss) per share—Diluted	$	0.30	$	(0.13	)	$	0.67	$	(0.32	)

There were 258,256 and 130,086 anti-dilutive shares for the three and nine months ended June 27, 2020. For the three and nine months ended June 29, 2019, 886,072 and 1,027,559 potentially dilutive shares, respectively, were excluded from diluted EPS as we had a net loss in each period.

Our Articles of Organization authorize us to issue up to 500 million shares of our common stock. Our Board of Directors has authorized us to repurchase up to $1,500 million of our common stock in the period October 1, 2017 through September 30, 2020. We did not repurchase any shares in the third quarter and first nine months of 2020. We repurchased $25 million and $90 million of our common stock in the third quarter and first nine months of 2019, respectively. All shares of our common stock repurchased are automatically restored to the status of authorized and unissued.