Earnings Per Share

9 Months Ended

Sep. 29, 2019

Net earnings per share data for the quarters and nine months ended September 29, 2019 and September 30, 2018 were computed as follows:



	2019			2018
Quarter	Basic		Diluted	Basic	Diluted
Net earnings	$	212,949	212,949	263,861	263,861

Average shares outstanding	126,453		126,453	127,161	127,161
Effect of dilutive securities:
Options and other share-based awards	—		751	—	731
Equivalent Shares	126,453		127,204	127,161	127,892

Net earnings per common share	$	1.68	1.67	2.08	2.06



	2019			2018
Nine Months	Basic		Diluted	Basic	Diluted
Net earnings	$	253,109	253,109	211,668	211,668

Average shares outstanding	126,356		126,356	125,982	125,982
Effect of dilutive securities:
Options and other share-based awards	—		600	—	792
Equivalent Shares	126,356		126,956	125,982	126,774

Net earnings per common share	$	2.00	1.99	1.68	1.67

For the quarter ended September 30, 2018, options and restricted stock units totaling 949 shares were excluded from the calculation of diluted earnings per share because to include them would have been anti-dilutive. For the quarter ended September 29, 2019, no options or restricted stock units were anti-dilutive. For the nine month periods ended September 29, 2019 and September 30, 2018, options and restricted stock units totaling 1,088 and 1,124 shares, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive.