Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share
3 Months Ended
Apr. 04, 2015
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)    April 4,
     March 29,

Weighted average shares - Basic

     22,011         21,544   

Net effect of dilutive stock options

     795         1,108   







Weighted average shares - Diluted

  22,806      22,652   







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 April 4, 2015.