Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.4.0.3
Earnings Per Share
3 Months Ended
Apr. 02, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows:
 
 
Three Months Ended
(In thousands)
April 2,
2016
 
April 4,
2015
Weighted Average Shares - Basic
25,561

 
25,313

Net Effect of Dilutive Stock Options
838

 
914

Weighted Average Shares - Diluted
26,399

 
26,227


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 at April 2, 2016 was approximately 102,000 shares.