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Shareholders' Equity
 9 Months Ended
Sep. 27, 2020
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share:
Three Months EndedNine Months Ended
September 27, 2020September 29, 2019September 27, 2020September 29, 2019
Numerator:
Net income attributable to Sonoco$83,449 $92,064 $219,105 $246,886 
Denominator:
Weighted average common shares outstanding:
Basic100,974 100,778 100,935 100,727 
Dilutive effect of stock-based compensation271 408 220 431 
Diluted101,245 101,186 101,155 101,158 
Net income attributable to Sonoco per common share:
Basic$0.83 $0.91 $2.17 $2.45 
Diluted$0.82 $0.91 $2.17 $2.44 
Cash dividends$0.43 $0.43 $1.29 $1.27 

No adjustments were made to "Net income attributable to Sonoco" in the computations of earnings per share.
Anti-dilutive Securities
Potentially dilutive securities are calculated in accordance with the treasury stock method, which assumes the proceeds from the exercise of all dilutive stock appreciation rights (SARs) are used to repurchase the Company’s common stock. Certain SARs are not dilutive because either the exercise price is greater than the average market price of the stock during the reporting period or assumed repurchases from proceeds from the exercise of the SARs were antidilutive. These SARs may become dilutive in the future if the market price of the Company's common stock appreciates.
The average numbers of SARs that were not dilutive and, therefore, not included in the computation of diluted earnings per share during the three- and nine- month periods ended September 27, 2020 and September 29, 2019 were as follows:
Three Months EndedNine Months Ended
September 27, 2020September 29, 2019September 27, 2020September 29, 2019
Anti-dilutive stock appreciation rights752 533 844 458 

Stock Repurchases
On February 10, 2016, the Company’s Board of Directors authorized the repurchase of up to 5,000 shares of the Company's common stock. A total of 2,030 shares were purchased in 2016. No shares were subsequently repurchased under this authorization, including during the nine months ended September 27, 2020. Accordingly, a total of 2,970 shares remain available for repurchase at September 27, 2020.
The Company frequently repurchases shares of its common stock to satisfy employee tax withholding obligations in association with certain share-based compensation awards. These repurchases, which are not part of a publicly announced plan or program, totaled 130 shares in the nine months ended September 27, 2020 at a cost of $7,335, and 154 shares in the nine months ended September 29, 2019 at a cost of $8,697.
Dividend Declarations
On July 15, 2020, the Board of Directors declared a regular quarterly dividend of $0.43 per share. This dividend was paid on September 10, 2020 to all shareholders of record as of August 10, 2020.
On October 19, 2020, the Board of Directors declared a regular quarterly dividend of $0.43 per share. This dividend is payable on December 10, 2020 to all shareholders of record as of November 10, 2020.