Earnings Per Share and Dividends

Earnings Per Share

The Company calculates its basic earnings per share by dividing net income attributable to Jabil Inc. by the weighted average number of common shares outstanding during the period. The Company’s diluted earnings per share is calculated in a similar manner, but includes the effect of dilutive securities. The difference between the weighted average number of basic shares outstanding and the weighted average number of diluted shares outstanding is primarily due to dilutive unvested restricted stock awards and dilutive stock appreciation rights.

Potential shares of common stock are excluded from the computation of diluted earnings per share when their effect would be antidilutive. Performance-based restricted stock awards are considered dilutive when the related performance criterion have been met assuming the end of the reporting period represents the end of the performance period. All potential shares of common stock are antidilutive in periods of net loss. Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows (in thousands):



	Three months ended		Nine months ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
Stock appreciation rights	—	514	—	334
Restricted stock awards	2,129	9,490	2,136	4,561

Dividends

The following table sets forth cash dividends declared by the Company to common stockholders during the nine months ended May 31, 2018 and 2017 (in thousands, except for per share data):



	Dividend Declaration Date	Dividend per Share		Total of Cash Dividends Declared		Date of Record for Dividend Payment	Dividend Cash Payment Date
Fiscal Year 2018:	October 19, 2017	$	0.08	$	14,588	November 15, 2017	December 1, 2017
	January 25, 2018	$	0.08	$	14,272	February 15, 2018	March 1, 2018
	April 19, 2018	$	0.08	$	13,991	May 15, 2018	June 1, 2018
Fiscal Year 2017:	October 20, 2016	$	0.08	$	15,248	November 15, 2016	December 1, 2016
	January 26, 2017	$	0.08	$	15,051	February 15, 2017	March 1, 2017
	April 20, 2017	$	0.08	$	14,840	May 15, 2017	June 1, 2017