Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.3
Earnings Per Share
 9 Months Ended
Sep. 28, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows: 
Nine Months Ended
Three Months Ended
(In thousands)
 September 28, 2019 September 29, 2018 September 28, 2019 September 29, 2018
Weighted Average Shares - Basic
 32,427    32,304    31,964    32,317   
Net Effect of Dilutive Stock Options
 575    731    619    652   
Weighted Average Shares - Diluted
 33,002    33,035    32,583    32,969   
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 was approximately 279,000 shares as of September 28, 2019 and 19,000 shares as of September 29, 2018.