Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2019

Net earnings (loss) per share data for the quarters and six months ended June 30, 2019 and July 1, 2018 were computed as follows:



	2019			2018
Quarter	Basic		Diluted	Basic	Diluted
Net earnings	$	13,433	13,433	60,299	60,299

Average shares outstanding	126,329		126,329	125,711	125,711
Effect of dilutive securities:
Options and other share-based awards	—		518	—	624
Equivalent Shares	126,329		126,847	125,711	126,335

Net earnings per common share	$	0.11	0.11	0.48	0.48



	2019			2018
Six Months	Basic		Diluted	Basic		Diluted
Net earnings (loss)	$	40,160	40,160	(52,193	)	(52,193	)

Average shares outstanding	126,308		126,308	125,392		125,392
Effect of dilutive securities:
Options and other share-based awards	—		523	—		—
Equivalent Shares	126,308		126,831	125,392		125,392

Net earnings (loss) per common share	$	0.32	0.32	(0.42	)	(0.42	)

For the quarters ended June 30, 2019 and July 1, 2018, options and restricted stock units totaling 1,570 and 1,214 shares, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been anti-dilutive. For the six month periods ended June 30, 2019 and July 1, 2018, options and restricted stock units totaling 1,631 and 3,127 shares, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive. Of the 2018 amount, 1,921 shares would have been included in the calculation of diluted shares had the Company not had a net loss in the six month period ended July 1, 2018. Assuming that these awards and options were included, under the treasury stock method, they would have resulted in an additional 823 shares being included in the diluted earnings per share calculation for the six month period ended July 1, 2018.