Earnings Per Share

6 Months Ended

Jun. 30, 2018

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
	June 30, 2018	July 1, 2017	June 30, 2018	July 1, 2017
Weighted-average common shares outstanding	56,429,715	57,790,299	56,540,611	57,865,481
Effect of dilutive securities	912,347	1,223,560	1,013,034	1,303,683
Weighted-average common shares outstanding, assuming dilution	57,342,062	59,013,859	57,553,645	59,169,164

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 June 30, 2018, there were 1,295,441 awards outstanding that were anti-dilutive; as of July 1, 2017, there were 722,015 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.