Earnings Per Share

9 Months Ended

Oct. 02, 2011

Earnings Per Share [Abstract]

Earnings Per Share

NOTE J – Earnings Per Share

The table below provides a reconciliation of the numerator and denominator of the basic and diluted earnings per share (“EPS”) computations. Basic earnings per share is calculated using the weighted average number of common shares outstanding as the denominator and net earnings as the numerator. Diluted earnings per share is calculated by adding all potentially dilutive shares to the weighted average number of common shares outstanding for the numerator. All anti-dilutive shares are excluded from the computation of diluted earnings per share. The calculations below provide net earnings, average common shares outstanding, and the resultant earnings per share for both basic and diluted EPS for the three and nine-month periods ended October 2, 2011 and October 3, 2010.

($ in thousands, except per share amounts)	Net  Earnings (Numerator)		Shares (in thousands) (Denominator)		Per Share Amount
Third Quarter 2011
Basic EPS	$	5,863		34,375	$	0.17
Effect of dilutive securities:
Equity-based compensation plans		—		619
Diluted EPS	$	5,863		34,994	$	0.17
Third Quarter 2010
Basic EPS	$	6,915		34,181	$	0.20
Effect of dilutive securities:
Equity-based compensation plans		—		646
Diluted EPS	$	6,915		34,827	$	0.20
First Nine Months of 2011
Basic EPS	$	15,111		34,347	$	0.44
Effect of dilutive securities:
Equity-based compensation plans		—		679
Diluted EPS	$	15,111		35,026	$	0.43
First Nine Months of 2010
Basic EPS	$	17,238		34,060	$	0.51
Effect of dilutive securities:
Equity-based compensation plans		—		756
Diluted EPS	$	17,238		34,816	$	0.50

The following table shows the potentially dilutive securities which have been excluded from the three and nine-month periods 2011 and 2010 dilutive earnings per share calculation because they are either anti-dilutive, or the exercise price exceeds the average market price.

	Three Months Ended				Nine Months Ended
(Number of Shares in Thousands)	October 2, 2011		October 3, 2010		October 2, 2011		October 3, 2010
Stock options where the assumed proceeds exceed the average market price		548		866		548		866