EARNINGS PER SHARE

12 Months Ended

Jan. 01, 2017

(2)	EARNINGS PER SHARE

The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share amounts):


	2016		2015		2014
Net income available to common stockholders – basic and diluted	$	214,678	$	192,789	$	162,587

Weighted average number of common shares		48,647,167		53,828,609		54,918,471
Earnings per common share – basic	$	4.41	$	3.58	$	2.96
Diluted weighted average number of common shares		49,923,859		55,532,955		56,931,226
Earnings per common share – diluted	$	4.30	$	3.47	$	2.86

The denominators used in calculating diluted earnings per share for common stock do not include 121,075 options to purchase common stock in 2016, 188,080 options to purchase common stock in 2015 and 222,060 options to purchase common stock in 2014, as the effect of including these options would be anti-dilutive. The denominators used in calculating diluted earnings per share for common stock do not include 86,010 restricted performance shares in 2016, 59,580 restricted performance shares in 2015 and 104,740 restricted performance shares in 2014, as the effect of including these shares would be anti-dilutive.