Earnings Per Share (Tables)
|9 Months Ended|
Sep. 29, 2018
|Earnings Per Share [Abstract]|
|Summary of Basic and Diluted Weighted-Average Shares Outstanding||
Basic and diluted weighted-average shares outstanding are as follows:
The above information has been adjusted to reflect the impact of the three-for-twenty Class B stock distribution to shareholders of record on October 12, 2018.
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 19,000 shares as of September 29, 2018.
Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef