Quarterly report pursuant to Section 13 or 15(d)

Common Stock And Earnings Per Share

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Common Stock And Earnings Per Share
 6 Months Ended
Jul. 02, 2011
Common Stock And Earnings Per Share  
Common Stock And Earnings Per Share

NOTE G — COMMON STOCK AND EARNINGS PER SHARE

     Basic earnings per share are based on the weighted-average number of shares outstanding for each period. Shares that have been repurchased and retired during the periods specified below have been included in the calculation of the number of weighted-average shares that are outstanding for the calculation of basic earnings per share. Diluted earnings per common share are based on shares that are outstanding (computed under basic EPS) and on potentially dilutive shares. Shares that are included in the diluted earnings per share calculations under the treasury stock method include equity awards that are in-the-money but have not yet been exercised.

    Quarters Ended  
    July 3,   July 2,  
    2010   2011  
Net earnings available to common shareholders $ 10,770 $ 13,856  
 
BasicEPS          
Shares          
Common shares outstanding entire period   15,309   15,985  
Weighted average common shares:          
Issued during period   9   13  
Canceled during period   -   (468 )
Weighted average common shares outstanding during          
period   15,318   15,530  
 
Earnings per common share from net earnings - basic $ 0.70 $ 0.89  
 
Diluted EPS          
Shares          
Weighted average common shares outstanding during          
period - basic   15,318   15,530  
Dilutive effect of in-the-money equity awards   379   222  
Weighted average common shares outstanding during          
period - diluted   15,697   15,752  
 
Earnings per common share from net earnings - diluted $ 0.69 $ 0.88  

 

     Equity awards for 1,256 and 1,620 shares of stock were not included in the computation of diluted EPS for the quarters ended July 3, 2010, and July 2, 2011, respectively, due to the fact that their exercise prices were greater than the average market price of the shares.

 

    Six Months Ended  
    July 3,   July 2,  
    2010   2011  
Net earnings available to common shareholders $ 20,411 $ 25,206  
 
Basic EPS          
Shares          
Common shares outstanding entire period   15,309   15,985  
Weighted average common shares:          
Issued during period   6   8  
Canceled during period   -   (273 )
Weighted average common shares outstanding during          
period   15,315   15,720  
 
Earnings per common share from net earnings - basic $ 1.33 $ 1.60  
 
Diluted EPS          
Shares          
Weighted average common shares outstanding during          
period - basic   15,315   15,720  
Dilutive effect of in-the-money equity awards   294   244  
Weighted average common shares outstanding during          
period - diluted   15,609   15,964  
 
Earnings per common share from net earnings - diluted $ 1.31 $ 1.58  

 

     Equity awards for 1,833 and 1,613 shares of stock were not included in the computation of diluted EPS for the six months ended July 3, 2010, and July 2, 2011, respectively, due to the fact that their exercise prices were greater than the average market price of the shares.