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Earnings Per Share
 3 Months Ended
Mar. 27, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share (EPS)
The following table sets forth the computation of basic and diluted EPS:
 
 
First Quarter Ended
 
 
March 27,
 
March 29,
(Thousands, except per share amounts)
 
2020
 
2019
Numerator for basic and diluted EPS:
 
 
 
 
Net (loss) income
 
$
(3,103
)
 
$
16,906

Denominator:
 
 
 
 
Denominator for basic EPS:
 
 
 
 
Weighted-average shares outstanding
 
20,384

 
20,267

Effect of dilutive securities:
 
 
 
 
Stock appreciation rights
 
—

 
107

Restricted stock units
 
—

 
83

Performance-based restricted stock units
 
—

 
149

Diluted potential common shares
 
—

 
339

Denominator for diluted EPS:
 

 

Adjusted weighted-average shares outstanding
 
20,384

 
20,606

Basic EPS
 
$
(0.15
)
 
$
0.83

Diluted EPS
 
$
(0.15
)
 
$
0.82



Adjusted weighted-average shares outstanding - diluted for the three months ended March 27, 2020 excludes the dilutive effect of approximately 239,000 shares, primarily related to restricted stock units and stock appreciation rights, as their inclusion would have been anti-dilutive due to the Company's net loss. 

Additionally, weighted average shares outstanding - diluted exclude securities totaling 302,573 and 201,394 for the quarters ended March 27, 2020 and March 29, 2019, respectively. These securities primarily related to restricted stock units and stock appreciation rights with fair market values and exercise prices less than the average market price of the Company's common shares and were excluded from the dilution calculation as the effect would have been anti-dilutive.