AVERAGE SHARES OUTSTANDING

Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive common shares include stock options, nonvested stock awards and units, and non-management director stock equivalents. Performance share awards are included in the average diluted shares outstanding each period if the performance criteria have been met at the end of the respective periods.

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding (in thousands):



	Quarter		Year-to-date
	April 14, 2019	April 15, 2018	April 14, 2019	April 15, 2018
Weighted-average shares outstanding – basic	25,943	29,040	25,922	29,332
Effect of potentially dilutive securities:
Nonvested stock awards and units	190	268	203	311
Stock options	10	41	10	55
Performance share awards	2	7	2	7
Weighted-average shares outstanding – diluted	26,145	29,356	26,137	29,705
Excluded from diluted weighted-average shares outstanding:
Antidilutive	186	150	186	116
Performance conditions not satisfied at the end of the period	89	67	89	67