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Earnings per Share
 9 Months Ended
Sep. 27, 2019
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 27,
2019
 
September 28,
2018
 
September 27,
2019
 
September 28,
2018
Net earnings available to common shareholders
$
84,132

 
$
92,681

 
$
259,018

 
$
267,331

Weighted average shares outstanding for basic earnings per share
166,848

 
167,247

 
166,383

 
167,860

Dilutive effect of stock options computed using the treasury stock method and the average market price
4,929

 
5,790

 
5,178

 
6,124

Weighted average shares outstanding for diluted earnings per share
171,777

 
173,037

 
171,561

 
173,984

Basic earnings per share
$
0.50

 
$
0.55

 
$
1.56

 
$
1.59

Diluted earnings per share
$
0.49

 
$
0.54

 
$
1.51

 
$
1.54



Stock options to purchase 802,000 and 435,000 shares were not included in the September 27, 2019 and September 28, 2018 computations of diluted earnings per share, respectively, because they would have been anti-dilutive.