Earnings Per Share

9 Months Ended

Sep. 29, 2018

The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended		Nine Months Ended
(in thousands, except per share amounts)	September 29, 2018	September 30, 2017	September 29, 2018	September 30, 2017
Numerator:
Net income as reported	53,546	42,808	131,900	130,338

Denominator:
Weighted average shares outstanding
Basic	25,109	22,713	24,817	22,678
Effect of dilutive securities	362	240	395	228
Diluted	25,471	22,953	25,212	22,906

Earnings Per Share:
Basic earnings per share	2.13	1.88	5.31	5.75
Diluted earnings per share	2.10	1.87	5.23	5.69

Potential shares of common stock relating to stock options excluded from the earnings per share calculation because their effect would be anti-dilutive were 38,082 and 30,579 for the three months ended September 29, 2018 and September 30, 2017, respectively, and 39,446 and 35,858 for the nine months ended September 29, 2018 and September 30, 2017, respectively.