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

3 Months Ended

Apr. 02, 2016

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



	Three Months Ended
(In thousands)	April 2, 2016	April 4, 2015
Weighted Average Shares - Basic	25,561	25,313
Net Effect of Dilutive Stock Options	838	914
Weighted Average Shares - Diluted	26,399	26,227

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 April 2, 2016 was approximately 102,000 shares.