Earnings Per Share

The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS") (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Numerator:
Numerator for both basic and diluted EPS attributable to HNI Corporation net income	$	13,848	$	29,029	$	18,685	$	40,872
Denominators:
Denominator for basic EPS weighted-average common shares outstanding	44,178		44,431		44,114		44,345
Potentially dilutive shares from stock-based compensation plans	1,128		1,201		1,261		963
Denominator for diluted EPS	45,306		45,632		45,375		45,308
Earnings per share – basic	$	0.31	$	0.65	$	0.42	$	0.92
Earnings per share – diluted	$	0.31	$	0.64	$	0.41	$	0.90

The weighted-average common stock equivalents presented above do not include the effect of the common stock equivalents in the table below because their inclusion would be anti-dilutive.



	Three Months Ended		Six Months Ended
	July 1, 2017	July 2, 2016	July 1, 2017	July 2, 2016
Common stock equivalents	875,580	444,723	745,738	730,884

The Corporation implemented ASU No. 2016-09 in the first quarter of fiscal 2017, which had an immaterial impact on the number of potentially dilutive shares from stock-based compensation plans for the three months and six months ended July 1, 2017. See "Note 13. Recently Adopted Accounting Standards" for more information regarding the implementation of ASU No. 2016-09.