Earnings Per Share

6 Months Ended

Jul. 02, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per ShareThe 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
	July 2, 2022	July 3, 2021	July 2, 2022	July 3, 2021
Weighted-average common shares outstanding	53,312,259	54,051,436	53,354,487	54,117,937
Effect of dilutive securities	926,548	1,256,296	920,924	1,094,874
Weighted-average common shares outstanding, assuming dilution	54,238,807	55,307,732	54,275,411	55,212,811

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 both July 2, 2022, and July 3, 2021, there were no 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.