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
 3 Months Ended
Mar. 30, 2013
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.

  Three Months Ended  
  March 31,   March 30,  
  2012     2013  
 
 
Net earnings available to common shareholders $ 13,751 $ 17,779  
 
Basic EPS          
Shares          
Common shares outstanding entire period   14,940   13,821  
Weighted average common shares:          
Issued during period   24   10  
Canceled during period   -   (188 )
 
Weighted average common shares outstanding during          
period   14,964   13,643  
 
Earnings per common share from net earnings - basic $ 0.92 $ 1.30  
 
Diluted EPS          
Shares          
Weighted average common shares outstanding during          
period - basic   14,964   13,643  
Dilutive effect of in-the-money equity awards   324   260  
Weighted average common shares outstanding during          
period - diluted   15,288   13,903  
 
 
Earnings per common share from net earnings - diluted $ 0.90 $ 1.28  

 

     Equity awards for 1,918 and 1,085 shares of stock were not included in the computation of diluted EPS for the quarters ended March 31, 2012, and March 30, 2013, respectively, due to the fact that their effect would be anti-dilutive.