5. EARNINGS PER SHARE

Basic earnings per common share is computed by dividing net earnings by the weighted-average common shares outstanding during the period. Diluted earnings per common share reflect the more dilutive earnings per common share amount calculated using the treasury stock method or the two-class method. For fiscal 2018 and 2017, the treasury stock method is used to calculate diluted earnings per common share while the two-class method was used for fiscal 2016.

Basic and diluted earnings per common share are computed using the actual net earnings allocated to common shareholders and the actual weighted-average common shares outstanding rather than the rounded numbers presented within our consolidated statement of earnings and the accompanying notes. As a result, it may not be possible to recalculate earnings per common share in our consolidated statement of earnings and the accompanying notes. The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share amounts):


	Fiscal Year

	2018		2017		2016
Numerator
Net earnings	$	83,240	$	96,703	$	24,956
Net earnings allocated to participating securities (restricted stock and deferred stock units)		—		—		(28)
Net earnings	$	83,240	$	96,703	$	24,928
Denominator
Basic weighted-average common shares outstanding		49,856		49,094		48,607
Dilutive effect of share-based awards		869		374		179
Diluted weighted-average common shares outstanding		50,725		49,468		48,786
Net earnings per common share:
Basic	$	1.67	$	1.97	$	0.51
Diluted	$	1.64	$	1.95	$	0.51

For fiscal 2018, 2017 and 2016, 0.8 million, 1.8 million, and 1.6 million anti‑dilutive shares of common stock were excluded from the calculation of diluted earnings per common share allocated to common shareholders, respectively.