Earnings Per Share

3 Months Ended

Apr. 05, 2020

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
	April 5, 2020	March 31, 2019
	(In thousands)
Number of common shares—basic	111,121	110,543
Effect of dilutive securities:
Stock options	480	631
Restricted stock awards	43	119
Number of common shares—diluted	111,644	111,293
Number of potentially dilutive securities excluded from calculation due to antidilutive impact	491	485

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.