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. | | | | | | | | | | | | Three Months Ended | (In thousands, except per share amounts) | | December 27, 2014 | | December 28, 2013 | Basic EPS | | | | | Net income | | $ | 15,988 |
| | $ | 16,290 |
| Weighted average shares | | 51,432 |
| | 51,730 |
| Basic income per share | | $ | 0.31 |
| | $ | 0.31 |
| Diluted EPS | | | | | Net income | | $ | 15,988 |
| | $ | 16,290 |
| Basic weighted average shares | | 51,432 |
| | 51,730 |
| Net effect of common stock equivalents | | 530 |
| | 781 |
| Diluted weighted average shares | | 51,962 |
| | 52,511 |
| Diluted income per share | | $ | 0.31 |
| | $ | 0.31 |
|
| | | | | | | | | | | | Nine Months Ended | (In thousands, except per share amounts) | | December 27, 2014 | | December 28, 2013 | Basic EPS | | | | | Net income | | $ | 19,827 |
| | $ | 24,964 |
| Weighted average shares | | 51,521 |
| | 51,485 |
| Basic income per share | | $ | 0.38 |
| | $ | 0.48 |
| Diluted EPS | | | | | Net income | | $ | 19,827 |
| | $ | 24,964 |
| Basic weighted average shares | | 51,521 |
| | 51,485 |
| Net effect of common stock equivalents | | 503 |
| | 815 |
| Diluted weighted average shares | | 52,024 |
| | 52,300 |
| Diluted income per share | | $ | 0.38 |
| | $ | 0.48 |
|
Weighted average shares outstanding, assuming dilution, excludes the impact of 1.7 million and 1.6 million anti-dilutive shares for the three and nine months ended December 27, 2014, respectively, as compared to 1.3 million and 0.9 million anti-dilutive shares for the three and nine months ended December 28, 2013, respectively. |