XML 26 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE ("EPS")
9 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
EARNINGS PER SHARE (EPS)
EARNINGS PER SHARE (“EPS”)
The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations. Basic EPS is computed by dividing net income by weighted average shares outstanding. Diluted EPS includes the effect of potentially dilutive common shares.
 
Three Months Ended
 
December 31,
2011
 
January 1,
2011
 
(in thousands, except per share amounts)
Basic EPS
 
 
 
Net income
$
18,252

 
$
19,734

Weighted average shares
25,077

 
24,973

Basic income per share
$
0.73

 
$
0.79

Diluted EPS
 
 
 
Net income
$
18,252

 
$
19,734

Basic weighted average shares
25,077

 
24,973

Net effect of common stock equivalents
361

 
544

Diluted weighted average shares
25,438

 
25,517

Diluted income per share
$
0.72

 
$
0.77

 
Nine Months Ended
 
December 31,
2011
 
January 1,
2011
 
(in thousands, except per share amounts)
Basic EPS
 
 
 
Net income
$
49,080

 
$
58,992

Weighted average shares
25,409

 
24,933

Basic income per share
$
1.93

 
$
2.37

Diluted EPS
 
 
 
Net income
$
49,080

 
$
58,992

Basic weighted average shares
25,409

 
24,933

Net effect of common stock equivalents
424

 
544

Diluted weighted average shares
25,833

 
25,477

Diluted income per share
$
1.90

 
$
2.32


Weighted average shares outstanding, assuming dilution, excludes the impact of 0.9 million and 0.6 million stock options for the three and nine months ended December 31, 2011, respectively, and 1.0 million and 1.1 million stock options for the three and nine months ended January 1, 2011, respectively, because these securities were anti-dilutive during the noted periods.