Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows: 
 
Six Months Ended
 
Three Months Ended
(In thousands)
June 30,
2018
 
July 1,
2017
 
June 30,
2018
 
July 1,
2017
Weighted Average Shares - Basic
28,085

 
29,007

 
28,098

 
28,911

Net Effect of Dilutive Stock Options
670

 
1,128

 
704

 
1,178

Weighted Average Shares - Diluted
28,755

 
30,135

 
28,802

 
30,089


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 139,000 shares as of June 30, 2018.