Earnings Per Share

3 Months Ended

Mar. 31, 2012

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
	March 31, 2012		April 2, 2011
Weighted average shares:
Weighted average common shares outstanding		51,998		55,353
Effect of dilutive securities outstanding		303		421
Diluted weighted average shares outstanding		52,301		55,774
Earnings:
Income from continuing operations	$	30,164	$	30,128
Income from discontinued operations		0		31,506
Net income	$	30,164	$	61,634
Basic per share amounts:
Income from continuing operations	$	0.58	$	0.54
Income from discontinued operations		0.00		0.57
Net income	$	0.58	$	1.11
Diluted per share amounts:
Income from continuing operations	$	0.58	$	0.54
Income from discontinued operations		0.00		0.56
Net income	$	0.58	$	1.10

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
	March 31, 2012		April 2, 2011
Potentially dilutive shares		1,386,000		1,136,000