Earnings Per Share

6 Months Ended

Aug. 26, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 7 — Earnings Per Share

The following table sets forth the computation of earnings per share and earnings per share - assuming dilution:

	Three Months Ended				Six Months Ended
	August 26,		August 27,		August 26,		August 27,
	2011		2010		2011		2010
Numerator (in thousands):
Net income	$	14,476	$	8,532	$	47,069	$	39,371
Denominator (in thousands):
Weighted average shares outstanding		40,697		40,027		40,599		39,833
Effect of dilutive securities:
Stock options and awards		992		848		1,244		1,029
Weighted average shares outstanding — assuming dilution		41,689		40,875		41,843		40,862
Earnings per share	$	0.36	$	0.21	$	1.16	$	0.99
Earnings per share — assuming dilution	$	0.35	$	0.21	$	1.12	$	0.96

Certain stock options were excluded from the computation of earnings per share—assuming dilution because the options’ exercise prices were greater than the average market price of the common shares. The stock options excluded from the computation of earnings per share-assuming dilution were approximately 2.5 million and 2.2 million in the three and six month periods ended August 26, 2011, respectively (3.7 million and 3.2 million in the three and six month periods ended August 27, 2010, respectively).

The Corporation issued approximately 0.2 million Class A common shares upon exercise of employee stock options and vesting of equity awards during the three months ended August 26, 2011 (0.1 million Class A common shares in the three months ended August 27, 2010). The Corporation issued approximately 0.7 million and 0.3 million Class A and Class B common shares, respectively, upon exercise of employee stock options and vesting of equity awards during the six months ended August 26, 2011 (0.9 million and 0.2 million Class A and Class B common shares, respectively, in the six months ended August 27, 2010).