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
 9 Months Ended
Oct. 01, 2011
Common Stock And Earnings Per Share [Abstract]  
Common Stock And Earnings Per Share

NOTE H — 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.

 

    Quarter Ended
    October 2,   October 1,
    2010   2011
         
Net earnings available to common shareholders    $        12,849    $        12,385
         
Basic EPS        
         
Shares        
Common shares outstanding entire period              15,309              15,985
Weighted average common shares:        
Issued during period                   320                     39
Canceled during period                   (67)                 (981)
         
Weighted average common shares outstanding during        
 period              15,562              15,043
         
Earnings per common share from net earnings - basic    $            0.83    $            0.82
         
Diluted EPS        
         
Shares        
Weighted average common shares outstanding during        
period - basic              15,562              15,043
         
Dilutive effect of in-the-money equity awards                   685                   162
         
Weighted average common shares outstanding during        
period - diluted              16,247              15,205
         
Earnings per common share from net earnings - diluted    $            0.79    $            0.81
         

Equity awards for 434 and 2,002 shares of stock were not included in the computation of diluted EPS for the quarters ended October 2, 2010, and October 1, 2011, respectively, due to the fact that their exercise prices were greater than the average market price of the shares.

 

    Nine Months Ended
    October 2,   October 1,
    2010   2011
         
Net earnings available to common shareholders    $        33,260    $        37,591
         
Basic EPS        
         
Shares        
Common shares outstanding entire period              15,309              15,985
Weighted average common shares:        
Issued during period                   110                     19
Canceled during period                   (22)                 (509)
         
Weighted average common shares outstanding during        
 period              15,397              15,495
         
Earnings per common share from net earnings - basic    $            2.16    $            2.43
         
Diluted EPS        
         
Shares        
Weighted average common shares outstanding during        
period - basic              15,397              15,495
         
Dilutive effect of in-the-money equity awards                   366                   217
         
Weighted average common shares outstanding during        
period - diluted              15,763              15,712
         
Earnings per common share from net earnings - diluted    $            2.11    $            2.39
         

 

Equity awards for 1,627 and 1,571 shares of stock were not included in the computation of diluted EPS for the nine months ended October 2, 2010, and October 1, 2011, respectively, due to the fact that their exercise prices were greater than the average market price of the shares.