Earnings Per Share

9 Months Ended

Oct. 03, 2015

Note 13: Earnings Per Share

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
	October 3,		September 27,		October 3,		September 27,
	2015		2014		2015		2014
Weighted-average common shares outstanding		58,084,784		58,110,855		58,110,620		58,148,345
Effect of dilutive securities		998,920		902,197		987,865		881,249

Weighted-average common shares outstanding, assuming dilution		59,083,704		59,013,052		59,098,485		59,029,594

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 October 3, 2015, there were 1,600 securities outstanding that were anti-dilutive; as of September 27, 2014, there were no outstanding securities that were anti-dilutive. Performance-based equity awards do not affect the diluted earnings per share calculation until it is determined that the applicable performance metrics have been met.