Earnings Per Share

12 Months Ended

Dec. 29, 2018

EARNINGS PER SHARE

The Company computes earnings per share (“EPS”) in accordance with ASC 260, Earnings per Share. Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding.

Diluted EPS is computed using the weighted average number of shares of common stock, plus the effect of potentially dilutive securities. Stock options, non-vested restricted shares with forfeitable dividend rights, non-vested restricted stock units and employee stock purchase plan deferrals are considered potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share:



	2018		2017		2016
Numerator:
Net income	$	407	$	444	$	210
Denominator:
Weighted-average common shares outstanding	216,112,021		222,383,038		200,129,868
Dilutive effect of share-based awards	1,713,524		3,280,747		3,894,858
Weighted-average dilutive shares outstanding	217,825,545		225,663,785		204,024,726
Basic earnings per share	$	1.88	$	2.00	$	1.05
Diluted earnings per share	$	1.87	$	1.97	$	1.03