Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.2
Earnings Per Share
6 Months Ended
Jul. 02, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows:
 
 
Six Months Ended
 
Three Months Ended
(In thousands)
July 2,
2016
 
July 4,
2015
 
July 2,
2016
 
July 4,
2015
Weighted Average Shares - Basic
25,500

 
25,363

 
25,444

 
25,415

Net Effect of Dilutive Stock Options
839

 
880

 
840

 
846

Weighted Average Shares - Diluted
26,339

 
26,243

 
26,284

 
26,261


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 July 2, 2016 was approximately 230,000 shares.