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Earnings Per Share | 9 Months Ended
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Sep. 29, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Net earnings per share data for the quarters and nine months ended September 29, 2019 and September 30, 2018 were computed as follows:
| 2019 |  | 2018
Quarter | Basic |  | Diluted |  | Basic |  | Diluted
Net earnings | $ | 212,949 |  |  | 212,949 |  |  | 263,861 |  |  | 263,861 |
Average shares outstanding | 126,453 |  |  | 126,453 |  |  | 127,161 |  |  | 127,161 |
Effect of dilutive securities: |  |  |  |  |  |  |
Options and other share-based awards | — |  |  | 751 |  |  | — |  |  | 731 |
Equivalent Shares | 126,453 |  |  | 127,204 |  |  | 127,161 |  |  | 127,892 |
Net earnings per common share | $ | 1.68 |  |  | 1.67 |  |  | 2.08 |  |  | 2.06 |
| 2019 |  | 2018
Nine Months | Basic |  | Diluted |  | Basic |  | Diluted
Net earnings | $ | 253,109 |  |  | 253,109 |  |  | 211,668 |  |  | 211,668 |
Average shares outstanding | 126,356 |  |  | 126,356 |  |  | 125,982 |  |  | 125,982 |
Effect of dilutive securities: |  |  |  |  |  |  |
Options and other share-based awards | — |  |  | 600 |  |  | — |  |  | 792 |
Equivalent Shares | 126,356 |  |  | 126,956 |  |  | 125,982 |  |  | 126,774 |
Net earnings per common share | $ | 2.00 |  |  | 1.99 |  |  | 1.68 |  |  | 1.67 |
For the quarter ended September 30, 2018, options and restricted stock units totaling 949 shares were excluded from the calculation of diluted earnings per share because to include them would have been anti-dilutive. For the quarter ended September 29, 2019, no options or restricted stock units were anti-dilutive. For the nine month periods ended September 29, 2019 and September 30, 2018, options and restricted stock units totaling 1,088 and 1,124 shares, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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