Earnings Per Share

3 Months Ended

Mar. 29, 2014

Earnings Per Share

(4) Earnings Per Share

Earnings per common share are based on the weighted average number of shares outstanding, including outstanding non-vested restricted stock. Diluted earnings per share are based on the weighted average number of common shares outstanding plus the incremental shares that would have been outstanding upon the assumed exercise of all dilutive stock options.

The following table provides a reconciliation of the average number of common shares outstanding used to calculate earnings per common share to the average number of common shares and common share equivalents outstanding used to calculate diluted earnings per share (in thousands):

	Thirteen Weeks Ended
	March 29, 2014		March 30, 2013
Average number of common shares outstanding		45,407		46,507
Incremental shares from assumed exercises of stock options		189		215
Average number of common shares and common share equivalents outstanding		45,596		46,722

For the thirteen-week period ended March 29, 2014, no options outstanding to purchase shares of common stock were antidilutive. For the thirteen-week period ended March 30, 2013, there were 154,500 options outstanding to purchase shares of common stock excluded from the calculation of diluted earnings per share because they were antidilutive. Outstanding RSUs were excluded from the calculation of diluted earnings per share for both periods because the performance metric requirements for vesting had not been satisfied.