Earnings Per Share

The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS") (in thousands, except per share data):



	Three Months Ended				Nine Months Ended
	September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016
Numerator:
Numerator for both basic and diluted EPS attributable to HNI Corporation net income	$	37,271	$	33,813	$	55,956	$	74,685
Denominators:
Denominator for basic EPS weighted-average common shares outstanding	43,683		44,547		43,970		44,412
Potentially dilutive shares from stock-based compensation plans	796		1,298		1,109		1,076
Denominator for diluted EPS	44,479		45,845		45,079		45,488
Earnings per share – basic	$	0.85	$	0.76	$	1.27	$	1.68
Earnings per share – diluted	$	0.84	$	0.74	$	1.24	$	1.64

The weighted-average common stock equivalents presented above do not include the effect of the common stock equivalents in the table below because their inclusion would be anti-dilutive.



	Three Months Ended		Nine Months Ended
	September 30, 2017	October 1, 2016	September 30, 2017	October 1, 2016
Common stock equivalents excluded because their inclusion would be anti-dilutive	1,111,336	352,380	788,193	437,684

The Corporation implemented ASU No. 2016-09 in the first quarter of fiscal 2017, which had an immaterial impact on the number of potentially dilutive shares from stock-based compensation plans for the three months and nine months ended September 30, 2017. See "Note 14. Recently Adopted Accounting Standards" for more information regarding the implementation of ASU No. 2016-09.