Quarterly report pursuant to Section 13 or 15(d)

Common Stock And Earnings Per Share

v2.4.0.8
Common Stock And Earnings Per Share
6 Months Ended
Jun. 29, 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.

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

June 30,

 

June 29,

 

 

 

2012

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings available to common shareholders

 

$             16,745

 

$             24,210

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

Common shares outstanding entire period

 

14,940 

 

13,821 

 

Weighted average common shares:

 

 

 

 

 

Issued during period

 

68 

 

106 

 

Canceled during period

 

(317)

 

(414)

 

 

 

 

 

 

 

Weighted average common shares outstanding during

 

 

 

 

 

period

 

14,691 

 

13,513 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share from net earnings - basic

 

$                1.14

 

$                1.79

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

Weighted average common shares outstanding during

 

 

 

 

 

period - basic

 

14,691 

 

13,513 

 

 

 

 

 

 

 

Dilutive effect of in-the-money equity awards

 

399 

 

586 

 

 

 

 

 

 

 

Weighted average common shares outstanding during

 

 

 

 

 

period - diluted

 

15,090 

 

14,099 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share from net earnings - diluted

 

$                1.11

 

$                1.72

 

 

 

 

 

 

 

 

 

Equity awards for 1,906 and 234 shares of stock were not included in the computation of diluted EPS for the quarters ended June 30, 2012, and June 29, 2013, respectively, due to the fact that their effect would be anti-dilutive.

 

NOTE C COMMON STOCK AND EARNINGS PER SHARE CONTINUED

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

June 30,

 

June 29,

 

 

 

2012

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings available to common shareholders

 

$             30,496

 

$             41,989

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

Common shares outstanding entire period

 

14,940 

 

13,821 

 

Weighted average common shares:

 

 

 

 

 

Issued during period

 

45 

 

58 

 

Canceled during period

 

(158)

 

(301)

 

 

 

 

 

 

 

Weighted average common shares outstanding during

 

 

 

 

 

period

 

14,827 

 

13,578 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share from net earnings - basic

 

$                2.06

 

$                3.09

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

Weighted average common shares outstanding during

 

 

 

 

 

period - basic

 

14,827 

 

13,578 

 

 

 

 

 

 

 

Dilutive effect of in-the-money equity awards

 

365 

 

456 

 

 

 

 

 

 

 

Weighted average common shares outstanding during

 

 

 

 

 

period - diluted

 

15,192 

 

14,034 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share from net earnings - diluted

 

$                2.01

 

$                2.99

 

 

 

 

 

 

 

 

 

Equity awards for 1,934 and 560 shares of stock were not included in the computation of diluted EPS for the six months ended June 30, 2012, and June 29, 2013, respectively, due to the fact that their effect would be anti-dilutive.