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Earnings Per Share

6 Months Ended

Jul. 01, 2023

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 1, 2023	July 2, 2022	July 1, 2023	July 2, 2022
Weighted-average common shares outstanding	52,956,701	53,312,259	52,987,935	53,354,487
Effect of dilutive securities	1,049,178	926,548	1,046,880	920,924
Weighted-average common shares outstanding, assuming dilution	54,005,879	54,238,807	54,034,815	54,275,411

The dilutive effect of the potential exercise of outstanding stock options and stock-settled SARs to purchase common shares is calculated using the treasury stock method. As of July 1, 2023, there were 500 awards outstanding that were anti-dilutive; as of July 2, 2022, there were no 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.