Earnings Per Share

12 Months Ended

Dec. 26, 2020

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


(in thousands, except per share amounts)	2020		2019		2018
Numerator:
Net income as reported	$	129,986	$	139,082	$	164,565

Denominator:
Weighted average shares outstanding
Basic	24,371		24,576		24,870
Effect of dilutive securities	221		242		365
Diluted	24,592		24,818		25,235

Earnings Per Share:
Basic earnings per share	$	5.33	$	5.66	$	6.62
Diluted earnings per share	$	5.29	$	5.60	$	6.52

Potential shares of common stock attributable to stock options and restricted shares excluded from the earnings per share calculation because their effect would be anti-dilutive were 222,526, 129,658, and 42,305 shares in 2020, 2019, and 2018, 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 2020, 2019, and 2018, the Company repurchased 175,110, 579,916, and 391,972 shares of its common stock totaling $22.9 million, $95.0 million, and $67.9 million, respectively. See Note 12 Stock-Based Compensation for further discussion.