Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 3 Months Ended
Mar. 29, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

10) Earnings Per Share

Basic and diluted weighted-average shares outstanding are as follows:

 

     Three Months Ended  
(In thousands)    March 29,
2014		      March 30,
2013		  

Weighted average shares - Basic

      17,953         17,392   

Net effect of dilutive stock options

      924         819   
  

 

 

     

 

 

  

Weighted average shares - Diluted

      18,877         18,211   
  

 

 

     

 

 

  

The above information has been adjusted to reflect the impact of the one-for-five distribution of Class B Stock for shareholders of record on October 10, 2013.

Stock options with exercise prices greater than the average market price of the underlying common shares are excluded from the computation of diluted earnings per share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. The number of common shares covered by out-of-the-money stock options were insignificant at March 29, 2014.