Earnings Per Share

12 Months Ended

Dec. 28, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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

(in thousands, except per share amounts)	2019		2018		2017
Numerator:
Net income as reported	$	139,082	$	164,565	$	119,519
Denominator:
Weighted average shares outstanding
Basic	24,576		24,870		22,687
Effect of dilutive securities	242		365		244
Diluted	24,818		25,235		22,931
Earnings Per Share:
Basic earnings per share	$	5.66	$	6.62	$	5.27
Diluted earnings per share	$	5.60	$	6.52	$	5.21

Potential shares of common stock attributable to stock options excluded from the earnings per share calculation because their effect would be anti-dilutive were 129,658, 42,305, and 37,443 shares in 2019, 2018, and 2017, respectively.

On January 17, 2018, the Company acquired IXYS through a combination of cash, Littelfuse common stock, and the value of converted, or cash settled IXYS equity awards. The Company issued approximately 2.1 million shares of Littelfuse common stock and converted IXYS equity awards into approximately 0.5 million Littelfuse equity awards.

During the fiscal year 2019, the Company repurchased 579,916 shares of its common stock totaling $95.0 million. During the fiscal year 2018, the Company repurchased 391,972 shares of its common stock totaling $67.9 million. See Note 12 Stock-Based Compensation for further discussion.