Astronics Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Jul. 04, 2015

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



	Six Months Ended		Three Months Ended
(In thousands)	July 4, 2015	June 28, 2014	July 4, 2015	June 28, 2014
Weighted Average Shares - Basic	22,055	21,616	22,100	21,684
Net Effect of Dilutive Stock Options	765	1,032	736	954
Weighted Average Shares - Diluted	22,820	22,648	22,836	22,638

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. There were no common shares covered by out-of-the-money stock options at July 4, 2015.