Quarterly report pursuant to Section 13 or 15(d)

Common Stock And Earnings Per Share

v3.3.0.814
Common Stock And Earnings Per Share
9 Months Ended
Oct. 03, 2015
Common Stock And Earnings Per Share [Abstract]  
Common Stock And Earnings Per Share

NOTE I  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 based on the time they were outstanding in any period. 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.

 

The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share for the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

September 27,

 

October 3,

 

September 27,

 

October 3,

 

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

Net earnings available to common shareholders

 

$             19,498

 

$             25,609

 

$             55,336

 

$             70,705

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

12,873 

 

12,852 

 

13,520 

 

12,747 

 

 

 

 

 

 

 

 

 

Dilutive effect of in-the-money equity awards

 

390 

 

465 

 

444 

 

462 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - diluted

 

13,263 

 

13,317 

 

13,964 

 

13,209 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share from net earnings - basic

 

$                1.51

 

$                1.99

 

$                4.09

 

$                5.55

 

 

 

 

 

 

 

 

 

Earnings per common share from net earnings - diluted

 

$                1.47

 

$                1.92

 

$                3.96

 

$                5.35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity awards for the following shares were not included in the computation of diluted EPS due to the fact that

their effect would be anti-dilutive:

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

September 27,

 

October 3,

 

September 27,

 

October 3,

 

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

 

 

414 

 

361 

 

357 

 

196