Earnings Per Share

3 Months Ended

Apr. 01, 2012

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, weighted average common shares outstanding, and earnings per share for both basic and diluted EPS for the three month periods ended April 1, 2012 and April 3, 2011.

($ in thousands, except per share amounts)	Net Earnings (Numerator)		Shares (in thousands) (Denominator)		Per Share Amount
First Quarter 2012
Basic earnings per share	$	2,283		34,106	$	0.07
Effect of dilutive securities:
Equity-based compensation plans				612
Diluted earnings per share	$	2,283		34,718	$	0.07
First Quarter 2011
Basic earnings per share	$	5,116		34,293	$	0.15
Effect of dilutive securities:
Equity-based compensation plans		—		782
Diluted earnings per share	$	5,116		35,075	$	0.15

The following table shows the potentially dilutive securities which have been excluded from the first quarter 2012 and 2011 dilutive earnings per share calculation because they are either anti-dilutive, or the exercise price exceeds the average market price.

	Three Months Ended
(Number of shares in thousands)	April 1, 2012		April 3, 2011
Stock options where the assumed proceeds exceed the average market price of common shares during the period		282		394