Earnings per Share

3 Months Ended

Mar. 27, 2020

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended
	March 27, 2020		March 29, 2019
Net earnings available to common shareholders	$	72,818	$	86,749
Weighted average shares outstanding for basic earnings per share	167,977		165,616
Dilutive effect of stock options computed using the treasury stock method and the average market price	4,665		5,243
Weighted average shares outstanding for diluted earnings per share	172,642		170,859
Basic earnings per share	$	0.43	$	0.52
Diluted earnings per share	$	0.42	$	0.51

Stock options to purchase 2,014,000 and 1,681,000 shares were not included in the March 27, 2020 and March 29, 2019 computations of diluted earnings per share, respectively, because they would have been anti-dilutive.