Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended
(in thousands, except per share amounts)	March 30, 2019		March 31, 2018
Numerator:
Net income as reported	$	36,989	$	36,029

Denominator:
Weighted average shares outstanding
Basic	24,717		24,339
Effect of dilutive securities	292		436
Diluted	25,009		24,775

Earnings Per Share:
Basic earnings per share	$	1.50	$	1.48
Diluted earnings per share	$	1.48	$	1.45

Potential shares of common stock relating to stock options excluded from the earnings per share calculation because their effect would be anti-dilutive were 77,047 for the three months ended March 30, 2019. No potential shares of common stock attributable to stock options were excluded from the diluted earnings per share calculation for the three months ended March 31, 2018.

Share Repurchase Program

The Company’s Board of Directors authorized the repurchase of up to 1,000,000 shares of the Company’s common stock under a program for the period May 1, 2018 to April 30, 2019. On April 26, 2019, the Company's Board of Directors authorized a new program to repurchase up to 1,000,000 shares of the Company's common stock for the period May 1, 2019 to April 30, 2020. During the three months ended March 30, 2019, the Company repurchased 79,916 shares of its common stock totaling $13.6 million.