Earnings Per Share

9 Months Ended

Sep. 26, 2020

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


	Three Months Ended			Nine Months Ended
	September 26, 2020	September 28, 2019	September 26, 2020	September 28, 2019
Weighted-average common shares outstanding	54,325,711	54,969,340	54,421,129	55,245,705
Effect of dilutive securities	441,636	687,602	448,292	755,157
Weighted-average common shares outstanding, assuming dilution	54,767,347	55,656,942	54,869,421	56,000,862

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 September 26, 2020, there were 2,750,149 awards outstanding that were anti-dilutive; as of September 28, 2019, there were 1,223,983 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.