NOTE

– EARNINGS PER SHARE

The Company computes basic earnings per share (“EPS”) by dividing net income by the weighted average common shares outstanding, including participating securities outstanding, during the period as discussed below. Diluted EPS reflects the potential dilution beyond shares for basic EPS that could occur if securities or other contracts to issue common stock were exercised, converted into common stock or resulted in the issuance of common stock that would have shared in the Company’s earnings.

The Company includes all unvested stock awards which contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of shares outstanding in our basic and diluted EPS calculations when the inclusion of these shares would be dilutive. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock. As a result, the Company includes all outstanding restricted stock awards in the calculation of basic and diluted EPS. Distributed earnings include common stock dividends and dividends earned on unvested share-based payment awards. Undistributed earnings represent earnings that were available for distribution but were

not

distributed. The following tables show distributed and undistributed earnings:

	Three Months Ended
	March 31, 2019		April 1, 2018
Earnings Per Share :
Basic Earnings Per Share:
Distributed Earnings	$	0.07	$	0.06
Undistributed Earnings		0.05		0.19
Total	$	0.12	$	0.25

Diluted Earnings Per Share:
Distributed Earnings	$	0.07	$	0.06
Undistributed Earnings		0.05		0.19
Total	$	0.12	$	0.25


Basic earnings per share	$	0.12	$	0.25
Diluted earnings per share	$	0.12	$	0.25

The following table presents net income that was attributable to participating securities.

	Three Months Ended
	March 31, 2019		April 1, 2018
	(In million s)
Net Income Attributable to Participating Securities	$	0.1	$	0.2

The weighted average shares for basic and diluted EPS were as follows:

	Three Months Ended
	March 31, 2019		April 1, 2018
	(In thousands )
Weighted Average Shares Outstanding		59,065		59,069
Participating Securities		567		602
Shares for Basic Earnings Per Share		59,632		59,671
Dilutive Effect of Stock Options		10		46
Shares for Diluted Earnings Per Share		59,642		59,717

For the

three

months ended

March 31, 2019,

and

April 1, 2018,

there were

stock options or participating securities excluded from the computation of diluted EPS.