Earnings Per Share

6 Months Ended

Jun. 29, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The shares used in the computation of the company’s basic and diluted earnings per common share are as follows:

	Three Months Ended		Six Months Ended
	June 29, 2019	June 30, 2018	June 29, 2019	June 30, 2018
Weighted-average common shares outstanding	55,253,253	56,429,715	55,383,887	56,540,611
Effect of dilutive securities	787,231	912,347	788,934	1,013,034
Weighted-average common shares outstanding, assuming dilution	56,040,484	57,342,062	56,172,821	57,553,645

The dilutive effect of the potential exercise of outstanding options and stock-settled SARs to purchase common shares is calculated using the treasury stock method. As of June 29, 2019, there were 1,223,467 awards outstanding that were anti-dilutive; as of June 30, 2018, there were 1,295,441 awards outstanding that were anti-dilutive. Performance-based equity awards are included in the diluted earnings per share calculation based on the attainment of the applicable performance metrics to date.