Earnings Per Share

3 Months Ended

Apr. 02, 2016

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
	April 2,		April 4,
	2016		2015
Weighted-average common shares outstanding		58,112,510		58,132,396
Effect of dilutive securities		1,339,764		972,913

Weighted-average common shares outstanding, assuming dilution		59,452,274		59,105,309

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 April 2, 2016, and April 4, 2015, there were 1,600 and 741,495 respective awards outstanding 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.