Earnings Per Share

6 Months Ended

Jul. 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				Six Months Ended
	July 2,		July 4,		July 2,		July 4,
	2016		2015		2016		2015
Weighted-average common shares outstanding		58,103,518		58,114,681		58,108,014		58,123,538
Effect of dilutive securities		1,287,468		991,763		1,313,616		982,338

Weighted-average common shares outstanding, assuming dilution		59,390,986		59,106,444		59,421,630		59,105,876

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 July 2, 2016, there were 1,600 awards outstanding that were anti-dilutive; as of July 4, 2015, no outstanding awards 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.