Earnings Per Share

3 Months Ended

Mar. 28, 2020

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


	Three Months Ended
	March 28, 2020	March 30, 2019
Weighted-average common shares outstanding	54,523,857	55,514,520
Effect of dilutive securities	524,511	790,637
Weighted-average common shares outstanding, assuming dilution	55,048,368	56,305,157

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 March 28, 2020, there were 2,304,236 awards outstanding that were anti-dilutive; as of March 30, 2019, there were 1,233,467 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.