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. 01, 2016

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



	Nine Months Ended		Three Months Ended
(In thousands)	October 1, 2016	October 3, 2015	October 1, 2016	October 3, 2015
Weighted Average Shares - Basic	29,199	29,203	28,925	29,274
Net Effect of Dilutive Stock Options	937	970	883	876
Weighted Average Shares - Diluted	30,136	30,173	29,808	30,150

The above information has been adjusted to reflect the impact of the three-for-twenty Class B stock distribution to shareholders of record on October 11, 2016.

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 1, 2016 was approximately 41,000 shares.