Earnings Per Share

9 Months Ended

Sep. 28, 2019

EARNINGS PER SHARE

The Company computes 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				39 Weeks Ended
	September 28, 2019		September 29, 2018		September 28, 2019		September 29, 2018
Numerator:
Income from continuing operations	$	105	$	114	$	292	$	307
Income from discontinued operations	1		—		1		—
Net income	$	106	$	114	$	293	$	307
Denominator:
Weighted-average common shares outstanding	218		217		218		216
Dilutive effect of share-based awards	2		1		1		2
Weighted-average dilutive shares outstanding	220		218		219		218
Basic earnings per share:
Continuing operations	$	0.48	$	0.53	$	1.33	$	1.42
Discontinued operations	0.01		—		0.01		—
Net income per share	$	0.49	$	0.53	$	1.34	$	1.42
Diluted earnings per share:
Continuing operations	$	0.47	$	0.52	$	1.33	$	1.41
Discontinued operations	0.01		—		0.01		—
Net income per share	$	0.48	$	0.52	$	1.34	$	1.41