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
Jun. 30, 2012
Common Stock And Earnings Per Share [Abstract]  
Common Stock And Earnings Per Share

NOTE D – 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 2,   June 30,  
    2011   2012  
 
 
Net earnings available to common shareholders $ 13,856   $ 16,745  
 
BasicEPS            
 
Shares            
Common shares outstanding entire period   15,985     14,940  
Weighted average common shares:            
Issued during period   13     68  
Repurchased and retired during period   (468 )   (317 )
 
Weighted average common shares outstanding during            
period   15,530     14,691  
 
Earnings per common share from net earnings - basic $ 0.89   $ 1.14  
 
Diluted EPS            
 
Shares            
Weighted average common shares outstanding during            
period - basic   15,530     14,691  
Dilutive effect of in-the-money equity awards   222     399  
Weighted average common shares outstanding during            
period - diluted   15,752     15,090  
 
 
Earnings per common share from net earnings - diluted $ 0.88   $ 1.11  

 

     Equity awards for 2,782 and 1,906 shares of stock were not included in the computation of diluted EPS for the quarters ended July 2, 2011, and June 30, 2012, respectively, due to the fact that their effect would be anti-dilutive.

 

    Six Months Ended  
    July 2,   June 30,  
    2011   2012  
 
 
Net earnings available to common shareholders $ 25,206   $ 30,496  
 
Basic EPS            
 
Shares            
Common shares outstanding entire period   15,985     14,940  
Weighted average common shares:            
Issued during period   8     45  
Repurchased and retired during period   (273 )   (158 )
 
Weighted average common shares outstanding during            
period   15,720     14,827  
 
Earnings per common share from net earnings - basic $ 1.60   $ 2.06  
 
Diluted EPS            
Shares            
Weighted average common shares outstanding during            
period - basic   15,720     14,827  
Dilutive effect of in-the-money equity awards   244     365  
Weighted average common shares outstanding during            
period - diluted   15,964     15,192  
 
 
Earnings per common share from net earnings - diluted $ 1.58   $ 2.01  

 

     Equity awards for 2,782 and 1,934 shares of stock were not included in the computation of diluted EPS for the six months ended July 2, 2011, and June 30, 2012, respectively, due to the fact that their effect would be anti-dilutive.