Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

We compute basic earnings per share (EPS) using net earnings for the period and the weighted average number of common shares outstanding during the period. Basic weighted average shares outstanding have decreased in 2019 and 2018 due to share repurchases. See Note K for further discussion of our share repurchases. Diluted EPS incorporates the additional shares issuable upon the assumed exercise of stock options and the release of restricted stock and restricted stock units (RSUs).

Basic and diluted weighted average shares outstanding were as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 30, 2019	July 1, 2018	June 30, 2019	July 1, 2018
Basic weighted average shares     outstanding	288,099	296,153	288,008	296,276
Dilutive effect of stock options and     restricted stock/RSUs*	2,716	3,986	2,816	4,318
Diluted weighted average shares     outstanding	290,815	300,139	290,824	300,594

* Excludes outstanding options to purchase shares of common stock that had exercise prices in excess of the average market price of our common stock during the period and, therefore, the effect of including these options would be antidilutive. These options totaled 5,396 and 4,685 for the three- and six-month periods ended June 30, 2019, and 3,511 and 2,851 for the three- and six-month periods ended July 1, 2018, respectively.