Quarterly report pursuant to Section 13 or 15(d)

Common Stock And Earnings Per Share

v2.4.0.6
Common Stock And Earnings Per Share
 9 Months Ended
Sep. 29, 2012
Common Stock And Earnings Per Share [Abstract]  
Common Stock And Earnings Per Share

NOTE C – 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 1,
2011 		September 29,
2012
 
 
Net earnings available to common shareholders $ 12,385   $ 17,490  
 
Basic EPS            
 
Shares            
Common shares outstanding entire period   15,985     14,940  
Weighted average common shares:            
Issued during period   39     229  
Repurchased and retired during period   (981 )   (804 )
 
Weighted average common shares outstanding during
period 		  15,043     14,365  
 
Earnings per common share from net earnings - basic $ 0.82   $ 1.22  
 
Diluted EPS            
 
Shares            
Weighted average common shares outstanding during
period - basic 		  15,043     14,365  
Dilutive effect of in-the-money equity awards   162     519  
Weighted average common shares outstanding during
period - diluted 		  15,205     14,884  
 
 
Earnings per common share from net earnings - diluted $ 0.81   $ 1.18  

 

     Equity awards for 2,880 and 522 shares of stock were not included in the computation of diluted EPS for the quarters ended October 1, 2011, and September 29, 2012, respectively, due to the fact that their effect would be anti-dilutive.

 

  Nine Months Ended
  October 1,
2011 		September 29,
2012
 
 
Net earnings available to common shareholders $ 37,591   $ 47,986  
 
BasicEPS            
 
Shares            
Common shares outstanding entire period   15,985     14,940  
Weighted average common shares:            
Issued during period   19     107  
Repurchased and retired during period   (509 )   (374 )
 
Weighted average common shares outstanding during
period 		  15,495     14,673  
 
Earnings per common share from net earnings - basic $ 2.43   $ 3.27  
 
Diluted EPS            
 
Shares            
Weighted average common shares outstanding during
period - basic 		  15,495     14,673  
Dilutive effect of in-the-money equity awards   217     391  
Weighted average common shares outstanding during
period - diluted 		  15,712     15,064  
 
 
Earnings per common share from net earnings - diluted $ 2.39   $ 3.19  

 

     Equity awards for 2,895 and 1,357 shares of stock were not included in the computation of diluted EPS for the nine months ended October 1, 2011, and September 29, 2012, respectively, due to the fact that their effect would be anti-dilutive.