Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 27, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

10) Earnings Per Share

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

 

     Nine Months Ended      Three Months Ended  
(In thousands)    Sept. 27,
2014		      Sept. 28,
2013		      Sept. 27,
2014		      Sept. 28,
2013		  

Weighted average shares – Basic

      21,661         20,905         21,749         20,948   

Net effect of dilutive stock options

      997         1,015         928         1,113   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average shares – Diluted

      22,658         21,920         22,677         22,061   
  

 

 

     

 

 

     

 

 

     

 

 

  

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 September 5, 2014.

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 September 27, 2014.