Earnings Per Share

9 Months Ended

Oct. 01, 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				Nine Months Ended
	October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Weighted-average common shares outstanding		58,013,852		58,084,784		58,076,627		58,110,620
Effect of dilutive securities		1,251,062		998,920		1,292,765		987,865

Weighted-average common shares outstanding, assuming dilution		59,264,914		59,083,704		59,369,392		59,098,485

The dilutive effect of the potential exercise of outstanding options and stock-settled SARs is calculated using the treasury stock method. As of both October 1, 2016, and October 3, 2015, there were 1,600 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.