Earnings Per Share

12 Months Ended

Dec. 29, 2019

Basic earnings per share ("EPS") is calculated by dividing earnings attributable to Masonite by the weighted average number of our common shares outstanding during the period. Diluted EPS is calculated by dividing earnings attributable to Masonite by the weighted average number of common shares plus the incremental number of shares issuable from non-vested and vested RSUs and SARs outstanding during the period.



(In thousands, except share and per share information)	Year Ended
(In thousands, except share and per share information)	December 29, 2019		December 30, 2018		December 31, 2017
Net income attributable to Masonite	$	44,602	$	92,710	$	151,739

Shares used in computing basic earnings per share	25,130,027		27,412,268		29,298,236
Effect of dilutive securities:
Incremental shares issuable under share compensation plans	322,695		452,960		516,423
Shares used in computing diluted earnings per share	25,452,722		27,865,228		29,814,659

Basic earnings per common share attributable to Masonite	$	1.77	$	3.38	$	5.18
Diluted earnings per common share attributable to Masonite	$	1.75	$	3.33	$	5.09

Anti-dilutive instruments excluded from diluted earnings per common share	295,879		120,881		51,129

The weighted average number of shares outstanding utilized for the diluted EPS calculation contemplates the exercise of all currently outstanding SARs and the conversion of all RSUs. The dilutive effect of such equity awards is calculated based on the weighted average share price for each fiscal period using the treasury stock method.