Earnings Per Share

9 Months Ended

Sep. 29, 2018

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic and diluted weighted-average shares outstanding are as follows: 

	Nine Months Ended		Three Months Ended
(In thousands)	September 29, 2018	September 30, 2017	September 29, 2018	September 30, 2017
Weighted Average Shares - Basic	32,304	33,096	32,317	32,570
Net Effect of Dilutive Stock Options	731	1,124	652	780
Weighted Average Shares - Diluted	33,035	34,220	32,969	33,350

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.