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Computation of Earnings Per Share
 6 Months Ended
Jun. 28, 2019
Earnings Per Share Reconciliation [Abstract]  
Computation of Earnings Per Share COMPUTATION OF EARNINGS PER SHARE

The computation of basic earnings per share is based on net earnings divided by the weighted average number of shares of common stock outstanding for each period. The computation of diluted earnings per share reflects the common stock equivalency of dilutive options granted to employees under the Company's stock incentive plan, shares issuable on redemption of its convertible notes and shares issuable upon redemption of outstanding warrants.
   
 
For the Three Months Ended
 
For the Six Months Ended
  
 
June 28,
2019
 
June 29,
2018
 
June 28,
2019
 
June 29,
2018
In thousands, except per share amounts
 
 
 
 
 
 
 
 
Earnings from continuing operations
 
$
6,389

 
$
4,778

 
$
12,211

 
$
9,748

Earnings from discontinued operations, net of tax
 
7,077

 
10,316

 
15,380

 
19,412

Net earnings
 
$
13,466

 
$
15,094

 
$
27,591

 
$
29,160

 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
Weighted average number of shares outstanding
 
27,961

 
27,971

 
27,935

 
27,911

 
 
 
 
 
 
 
 
 
Earnings per share from continuing operations
 
$
0.23

 
$
0.17

 
$
0.44

 
$
0.35

Earnings per share from discontinued operations
 
0.25

 
0.37

 
0.55

 
0.69

Basic earnings per share
 
$
0.48

 
$
0.54

 
$
0.99

 
$
1.04

 
 
 
 
 
 
 
 
 
Diluted:
 
 

 
 

 
 
 
 
Weighted average number of shares outstanding
 
27,961

 
27,971

 
27,935

 
27,911

Weighted average shares issuable on exercise of dilutive stock options
 
162

 
237

 
162

 
228

Weighted average shares issuable on exercise of convertible notes
 
—

 
108

 
—

 
54

Weighted average shares issuable on redemption of warrants related to the 2017 Notes
 
—

 
33

 
—

 
65

Total
 
28,123

 
28,349

 
28,097

 
28,258

 
 
 
 
 
 
 
 
 
Earnings per share from continuing operations
 
$
0.23

 
$
0.17

 
$
0.43

 
$
0.34

Earnings per share from discontinued operations
 
0.25

 
0.36

 
0.55

 
0.69

Diluted earnings per share
 
$
0.48

 
$
0.53

 
$
0.98

 
$
1.03



Equity awards

For the three-month and six-month fiscal periods ended June 28, 2019, respectively, 374,660 and 379,946 shares issuable under equity awards granted to employees were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the period. For the three-month and six-month fiscal periods ended June 29, 2018, respectively, 182,040 and 190,775 shares issuable under equity awards granted to employees were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the period.

2024 Convertible Notes

For the three-month and six-month fiscal periods ended June 28, 2019 and June 29, 2018, shares issuable under the Convertible Notes due 2024 were excluded from the diluted earnings per share calculation because the conversion price was more than the average market price of the Company's stock during the periods.

Warrants

For the six-month fiscal period ended June 29, 2018, shares issuable under the warrants issued in connection with the Company's 2017 Notes were included in the calculation for diluted earnings per share as the strike price of the warrants was less than the average price of the Company's stock.