XML 45 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share and Stock Repurchase Activity (Tables)
9 Months Ended
Aug. 27, 2016
Earnings Per Share [Abstract]  
Schedule of weighted average number of shares
The following table provides a reconciliation of the numerators and denominators utilized in the calculation of basic and diluted earnings per share:
 
 
Quarter Ended
 
Nine Months Ended
 
 
August 27,
2016
 
August 29,
2015
 
August 27,
2016
 
August 29,
2015
Weighted average number of shares outstanding - Basic
 
48,653,220

 
50,099,852

 
48,723,459

 
50,188,327

Dilutive effect of stock-based arrangements
 
401,827

 
425,197

 
379,752

 
513,163

Weighted average number of shares outstanding - Diluted
 
49,055,047

 
50,525,049

 
49,103,211

 
50,701,490

 
 
 
 
 
 
 
 
 
Net earnings attributable to CLARCOR Inc.
 
$
35,749

 
$
36,445

 
$
110,266

 
$
101,651

 
 
 
 
 
 
 
 
 
Net earnings per share attributable to CLARCOR Inc. - Basic
 
$
0.73

 
$
0.73

 
$
2.26

 
$
2.03

Net earnings per share attributable to CLARCOR Inc. - Diluted
 
$
0.73

 
$
0.72

 
$
2.25

 
$
2.00

Schedule of additional information used in the calculation of earnings per share
The following table provides additional information regarding the calculation of earnings per share and stock repurchase activity:
 
 
Quarter Ended
 
Nine Months Ended
 
 
August 27,
2016
 
August 29,
2015
 
August 27,
2016
 
August 29,
2015
Number of antidilutive options with exercise prices greater than the average market price excluded from the computation of dilutive earnings per share
 
296,500

 
730,150

 
728,352

 
730,150

Common stock repurchased and retired pursuant to the Company's stock repurchase program
 
$
27,191

 
$
14,086

 
$
65,402

 
$
30,196

Number of shares repurchased and retired pursuant to the Company's stock repurchase program
 
455,797

 
233,000

 
1,253,401

 
481,000