Earnings Per Share

9 Months Ended

Oct. 01, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 12 – Earnings Per Share

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

	Three Months Ended					Nine Months Ended
	October 1, 2011		October 2, 2010			October 1, 2011		October 2, 2010
Weighted average shares:
Weighted average common shares outstanding		53,339		56,739			54,405		57,405
Effect of dilutive securities outstanding		289		259			365		252
Diluted weighted average shares outstanding		53,628		56,998			54,770		57,657
Earnings (loss):
Income from continuing operations	$	34,187	$	27,247		$	97,484	$	74,979
Income (loss) from discontinued operations		10,814		(1,096	)		42,115		(1,418	)
Net income	$	45,001	$	26,151		$	139,599	$	73,561
Basic per share amounts:
Income from continuing operations	$	0.64	$	0.48		$	1.79	$	1.30
Income (loss) from discontinued operations	$	0.20	$	(0.02	)	$	0.77	$	(0.02	)
Net income	$	0.84	$	0.46		$	2.56	$	1.28
Diluted per share amounts:
Income from continuing operations	$	0.64	$	0.48		$	1.78	$	1.30
Income (loss) from discontinued operations	$	0.20	$	(0.02	)	$	0.77	$	(0.02	)
Net income	$	0.84	$	0.46		$	2.55	$	1.28

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:

		October 1, 2011		October 1, 2011		October 1, 2011		October 1, 2011
	Three Months Ended				Nine Months Ended
	October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Potentially dilutive shares		1,851,000		1,887,000		1,446,000		1,893,000