EARNINGS PER SHARE AND TREASURY STOCK TRANSACTIONS (Note)

3 Months Ended

Mar. 03, 2012

EARNINGS PER SHARE AND TREASURY STOCK TRANSACTIONS [Abstract]

EARNINGS PER SHARE AND TREASURY STOCK TRANSACTIONS

Diluted earnings per share reflect the impact of outstanding stock options as if exercised during the periods presented using the treasury stock method. The following table provides a reconciliation of the numerators and denominators utilized in the calculation of basic and diluted earnings per share.



	Three Months Ended
	March 3, 2012		February 26, 2011
Weighted average number of shares outstanding - Basic	50,411,196		50,568,499
Dilutive effect of stock-based arrangements	683,189		718,739
Weighted average number of shares outstanding - Diluted	51,094,385		51,287,238

Net earnings attributable to CLARCOR Inc.	$	23,479	$	21,881

Net earnings per share attributable to CLARCOR Inc. - Basic	$	0.47	$	0.43
Net earnings per share attributable to CLARCOR Inc. - Diluted	$	0.46	$	0.43

The following table provides additional information regarding the calculation of earnings per share and treasury stock transactions.



	Three Months Ended
	March 3, 2012		February 26, 2011
Number of antidilutive options with exercise prices greater than the average market price excluded from the computation of dilutive earnings per share	0		0
Common stock repurchased and retired pursuant to the Company's stock repurchase program	$	3,635	$	1,947
Number of shares repurchased and retired pursuant to the Company's stock repurchase program	70,000		45,000

As of March 3, 2012, there was approximately $200,771 available under the Company’s $250,000 stock repurchase program for future purchases.