XML 40 R20.htm IDEA: XBRL DOCUMENT
v3.19.2

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 29, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic net earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares assuming dilution. Dilutive common shares outstanding is computed using the Treasury Stock method, and in periods of income, reflects the additional shares that would be outstanding if dilutive stock options were exercised for common shares during the period. Earnings per share (in millions, except share data):
|  | Three Months Ended |  | Six Months Ended
|  | June 29, 2019 |  | June 30, 2018 |  | June 29, 2019 |  | June 30, 2018
Basic: |  |  |  |  |  |  |  |
Net income |  | $ | 124 |  |  | $ | 70 |  |  | $ | 239 |  |  | $ | 179 |
Weighted-average shares outstanding |  | 54,027,576 |  |  | 53,537,876 |  |  | 53,965,181 |  |  | 53,414,267 |
Basic earnings per share |  | $ | 2.28 |  |  | $ | 1.31 |  |  | $ | 4.43 |  |  | $ | 3.35 |
Diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 124 |  |  | $ | 70 |  |  | $ | 239 |  |  | $ | 179 |
Weighted-average shares outstanding |  | 54,027,576 |  |  | 53,537,876 |  |  | 53,965,181 |  |  | 53,414,267 |
Dilutive shares |  | 621,123 |  |  | 717,831 |  |  | 637,191 |  |  | 719,843 |
Diluted weighted-average shares outstanding |  | 54,648,699 |  |  | 54,255,707 |  |  | 54,602,372 |  |  | 54,134,110 |
Diluted earnings per share |  | $ | 2.26 |  |  | $ | 1.29 |  |  | $ | 4.37 |  |  | $ | 3.30 |
Anti-dilutive options to purchase common shares are excluded from diluted earnings per share calculations. Anti-dilutive options consist primarily of stock appreciation rights (“SARs”) with an exercise price greater than the average market closing price of the Class A Common Stock. There were 61,239 and 86,726 anti-dilutive shares for the three months ended June 29, 2019 and June 30, 2018, respectively. There were 32,882 and 87,310 anti-dilutive shares for the six months ended June 29, 2019 and June 30, 2018, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration