Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows: 
 
 
Three Months Ended
(In thousands)
 
March 31,
2018
 
April 1,
2017
Weighted Average Shares - Basic
 
28,071

 
29,102

Net Effect of Dilutive Stock Options
 
637

 
1,080

Weighted Average Shares - Diluted
 
28,708

 
30,182


Stock options with exercise prices greater than the average market price of the underlying common shares are excluded from the computation of diluted earnings per share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. The number of common shares covered by out-of-the-money stock options were insignificant as of March 31, 2018.