Earnings Per Share

6 Months Ended

Jul. 02, 2011

Earnings Per Share

Earnings Per Share

Note 12 – Earnings Per Share

Earnings per share were computed as follows (in thousands, except per share amounts):

	Three Months Ended					Six Months Ended
	July 2, 2011			July 3, 2010		July 2, 2011		July 3, 2010
Weighted average shares:
Weighted average common shares outstanding		54,546			57,489		54,981		57,756
Effect of dilutive securities outstanding		412			248		414		247
Diluted weighted average shares outstanding		54,958			57,737		55,395		58,003
Earnings (loss):
Income from continuing operations	$	33,169		$	22,185	$	63,297	$	47,732
Income (loss) from discontinued operations		(205	)		492		31,301		(322	)
Net income	$	32,964		$	22,677	$	94,598	$	47,410
Basic per share amounts:
Income from continuing operations	$	0.60		$	0.38	$	1.15	$	0.83
Income (loss) from discontinued operations	$	(0.00	)	$	0.01	$	0.57	$	(0.01	)
Net income	$	0.60		$	0.39	$	1.72	$	0.82
Diluted per share amounts:
Income from continuing operations	$	0.60		$	0.38	$	1.14	$	0.83
Income (loss) from discontinued operations	$	(0.00	)	$	0.01	$	0.57	$	(0.01	)
Net income	$	0.60		$	0.39	$	1.71	$	0.82

Potentially dilutive securities that were excluded from the earnings per share calculation consist of options with an exercise price greater than the average market closing price of the Class A common stock during the respective periods. These options were as follows:

	Three Months Ended				Six Months Ended
	July 2, 2011		July 3, 2010		July 2, 2011		July 3, 2010
Potentially dilutive shares		1,436,000		1,928,000		1,437,000		1,908,000