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Earnings Per Share

6 Months Ended

Jul. 03, 2021

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
	July 3, 2021	June 27, 2020	July 3, 2021	June 27, 2020
Weighted-average common shares outstanding	54,051,436	54,413,820	54,117,937	54,468,839
Effect of dilutive securities	1,256,296	378,730	1,094,874	451,621
Weighted-average common shares outstanding, assuming dilution	55,307,732	54,792,550	55,212,811	54,920,460

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 July 3, 2021, there were no awards outstanding that were anti-dilutive; as of June 27, 2020, there were 3,238,975 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.