Earnings Per Share

6 Months Ended

Jun. 29, 2019

Earnings Per Share [Abstract]

Earnings per share

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, 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 EPS:

	13 Weeks Ended				26 Weeks Ended
	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Numerator:
Net income	$	116	$	126	$	187	$	193
Denominator:
Weighted-average common shares outstanding	218		216		218		215
Dilutive effect of share-based awards	1		2		1		2
Weighted-average dilutive shares outstanding	219		218		219		217
Basic earnings per share	$	0.53	$	0.58	$	0.86	$	0.90
Diluted earnings per share	$	0.53	$	0.58	$	0.85	$	0.89