Earnings Per Share

6 Months Ended

Jul. 02, 2017

Basic earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding during the period less restricted unvested shares. Diluted earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding plus all potentially dilutive common stock equivalents, primarily shares issuable upon the exercise of stock options using the treasury stock method. The following table reconciles the number of shares utilized in the earnings per share calculations:



	Three Months Ended		Six Months Ended
	July 2, 2017	July 3, 2016	July 2, 2017	July 3, 2016
	(In thousands)
Number of common shares—basic	109,894	108,970	109,681	109,690
Effect of dilutive securities:
Stock options	668	688	636	675
Restricted stock awards	200	186	167	155
Number of common shares—diluted	110,762	109,844	110,484	110,520
Number of potentially dilutive securities excluded from calculation due to antidilutive impact	457	250	558	674

Antidilutive securities include outstanding stock options with exercise prices and average unrecognized compensation cost in excess of the average fair market value of common stock for the related period. Antidilutive options were excluded from the calculation of diluted net income per share and could become dilutive in the future.