Earnings Per Share

3 Months Ended

Apr. 01, 2012

Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]

Earnings Per Share

(2)   Earnings (Loss) Per Share

Net earnings (loss) per share data for the fiscal quarters ended April 1, 2012 and March 27, 2011 were computed as follows:

	2012		2011
	-----------------		-----------------
	Basic -------	Diluted --------	Basic -------	Diluted --------
Net earnings (loss)	$  (2,579)	(2,579)	17,196	17,196
	=======	=======	=======	=======
Average shares outstanding	129,569	129,569	137,645	137,645
Effect of dilutive securities:
Options and other share-based awards	-	-	-	3,308
	------------	------------	------------	------------
Equivalent shares	129,569	129,569	137,645	140,953
	=======	=======	=======	=======
Net earnings (loss) per common share	$   (0.02)	(0.02)	0.12	0.12
	=======	=======	=======	=======

Restricted stock-based awards and options to acquire shares totaling 12,011 at April 1, 2012 were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive. Of this amount, 8,469 would have been included in the calculation of diluted shares had the Company not had a net loss in the first quarter of 2012. Assuming that these awards and options were included, under the treasury stock method, they would have resulted in an additional 1,991 shares being included in the diluted earnings per share calculation for the quarter ended April 1, 2012.

At March 27, 2011, options to acquire shares totaling 1,173 were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive.