Earnings Per Share

3 Months Ended

Jul. 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 and six month periods ended July 1, 2012 and July 3, 2011.

($ in thousands, except per share amounts)	Net Earnings (Numerator)		Shares (in thousands) (Denominator)		Per Share Amount
Second Quarter 2012
Basic EPS	$	3,301		34,022		0.10
Effect of dilutive securities:
Equity-based compensation plans		—		552
Diluted EPS	$	3,301		34,574		0.10
Second Quarter 2011
Basic EPS	$	4,132		34,375	$	0.12
Effect of dilutive securities:
Equity-based compensation plans		—		650
Diluted EPS	$	4,132		35,025	$	0.12
First Six Months of 2012
Basic EPS	$	5,584		34,064		0.16
Effect of dilutive securities:
Equity-based compensation plans		—		583
Diluted EPS	$	5,584		34,647		0.16
First Six Months of 2011
Basic EPS	$	9,248		34,334	$	0.27
Effect of dilutive securities:
Equity-based compensation plans		—		716
Diluted EPS	$	9,248		35,050	$	0.26

The following table shows the potentially dilutive securities which have been excluded from the three and six-month periods 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				Six Months Ended
(Number of Shares in Thousands)	July 1, 2012		July 3, 2011		July 1, 2012		July 3, 2011
Stock options where the assumed proceeds exceed the average market price		282		402		282		402