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. 01, 2017

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



	Six Months Ended		Three Months Ended
(In thousands)	July 1, 2017	July 2, 2016	July 1, 2017	July 2, 2016
Weighted Average Shares - Basic	29,007	29,330	28,911	29,264
Net Effect of Dilutive Stock Options	1,128	960	1,178	962
Weighted Average Shares - Diluted	30,135	30,290	30,089	30,226

The 2016 information above 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 July 1, 2017 was approximately 474,000 shares.