Earnings Per Share

3 Months Ended

Mar. 30, 2019

The shares used in the computation of the company’s basic and diluted earnings per common share are as follows:



	Three Months Ended
	March 30, 2019	March 31, 2018
Weighted-average common shares outstanding	55,514,520	56,651,508
Effect of dilutive securities	790,637	1,113,721
Weighted-average common shares outstanding, assuming dilution	56,305,157	57,765,229

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 March 30, 2019, there were 1,233,467 awards outstanding that were anti-dilutive; as of March 31, 2018, there were 715,083 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.