Earnings Per Share

9 Months Ended

Oct. 03, 2020

Earnings Per Share

Earnings Per Share

Note H – Earnings Per Share

The shares used in computation of the Company’s basic and diluted earnings per common share are as follows:

	Three Months Ended		Nine Months Ended
	October 3,	October 5,	October 3,	October 5,
In thousands	2020	2019	2020	2019
Weighted average common shares outstanding	14,128	14,440	14,117	14,455
Dilutive effect of stock options and restricted stock units	137	28	105	30
Weighted average common shares outstanding, assuming dilution	14,265	14,468	14,222	14,485

Stock options that are anti-dilutive as to earnings per share and unvested restricted stock units which have a market condition for vesting that has not been achieved are ignored in the computation of dilutive earnings per share. The number of stock options and restricted stock units that were excluded in 2020 and 2019 were 57,569 and 80,950, respectively.