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Earnings Per Share

3 Months Ended

May 27, 2011

Note 5 — Earnings Per Share

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


	Three Months Ended
	May 27, 2011		May 28, 2010
Numerator (in thousands):
Net income	$	32,593	$	30,839


Denominator (in thousands):
Weighted average shares outstanding		40,500		39,639
Effect of dilutive securities:
Stock options and awards		1,299		1,210

Weighted average shares outstanding — assuming dilution		41,799		40,849


Earnings per share	$	0.80	$	0.78

Earnings per share — assuming dilution	$	0.78	$	0.75

Approximately 2.2 million and 3.2 million stock options outstanding for the three month periods ended May 27, 2011 and May 28, 2010, respectively, 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 during the respective periods.

The Corporation issued 0.5 million and 0.3 million Class A common shares and Class B treasury shares, respectively, upon exercise of employee stock options and vesting of equity awards during the three months ended May 27, 2011. The Corporation issued 0.8 million and 0.2 million Class A common shares and Class B treasury shares, respectively, upon exercise of employee stock options and vesting of equity awards during the three months ended May 28, 2010.