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. 31, 2012
Common Stock And Earnings Per Share [Abstract]  
Common Stock And Earnings Per Share

NOTE B – 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
  April 2, March 31,
  2011 2012
Net earnings available to common shareholders $ 11,350   $ 13,751
Basic EPS          
Shares          
Common shares outstanding entire period   15,985     14,940
Weighted average common shares:          
Issued during period   4     24
Canceled during period   (78 )   -
Weighted average common shares outstanding during
period 		  15,911     14,964
Earnings per common share from net earnings - basic $ 0.71   $ 0.92
Diluted EPS          
Shares          
Weighted average common shares outstanding during
period - basic 		  15,911     14,964
Dilutive effect of in-the-money equity awards   306     324
Weighted average common shares outstanding during
period - diluted 		  16,217     15,288
Earnings per common share from net earnings - diluted $ 0.70   $ 0.90

 

     Equity awards for 1,312 and 1,148 shares of stock were not included in the computation of diluted EPS for the quarters ended April 2, 2011, and March 31, 2012, respectively, due to the fact that their exercise prices were greater than the average market price of the shares.