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Earnings Per Share
3 Months Ended
Apr. 01, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

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 1,
2017
     April 2,
2016
 

Weighted-average common shares outstanding

         57,940,664                58,112,510      

Effect of dilutive securities

     1,383,806            1,339,764      
  

 

 

    

 

 

 

Weighted-average common shares outstanding, assuming dilution

     59,324,470            59,452,274      
  

 

 

    

 

 

 

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 1, 2017, and April 2, 2016, there were 3,000 and 1,600 awards outstanding, respectively, 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.