Earnings Per Share

9 Months Ended

Sep. 30, 2017

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
	September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016
Weighted-average common shares outstanding		57,200,880		58,013,852		57,643,948		58,076,627
Effect of dilutive securities		1,054,360		1,251,062		1,220,575		1,292,765

Weighted-average common shares outstanding, assuming dilution		58,255,240		59,264,914		58,864,523		59,369,392

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 September 30, 2017, there were 723,215 awards outstanding that were anti-dilutive; as of October 1, 2016, there were 1,600 awards outstanding that were anti-dilutive. Performance-based equity awards are included in the diluted earnings per share calculation based on the attainment of the applicable performance metrics to date.