Note 4

3 Months Ended

Jun. 25, 2011

Earnings Per Share [Text Block]

Note 4 Basic earnings per common share (EPS) excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period.  Diluted EPS takes into consideration the potential dilution that could occur if securities (stock options) or other contracts to issue common stock were exercised and converted into common stock. Our calculation of EPS is as follows:

	Three Months Ended June 25, 2011
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	23,326		18,700	$	1.25
Effect of Dilutive Securities
Options		-		129		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	23,326		18,829	$	1.24

	Nine Months Ended June 25, 2011
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	39,079		18,639	$	2.10
Effect of Dilutive Securities
Options		-		127		(0.02	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	39,079		18,766	$	2.08

	Three Months Ended June 26, 2010
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	15,861		18,529	$	0.86
Effect of Dilutive Securities
Options		-		202		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	15,861		18,731	$	0.85

	Nine Months Ended June 26, 2010
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	31,952		18,516	$	1.73
Effect of Dilutive Securities
Options		-		189		(0.02	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	31,952		18,705	$	1.71