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

9 Months Ended

Oct. 03, 2015

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



	Nine Months Ended		Three Months Ended
(In thousands)	October 3, 2015	September 27, 2014	October 3, 2015	September 27, 2014
Weighted Average Shares - Basic	25,394	24,910	25,456	25,011
Net Effect of Dilutive Stock Options	843	1,147	761	1,068
Weighted Average Shares - Diluted	26,237	26,057	26,217	26,079

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 October 3, 2015 was insignificant.