Earnings Per Share

6 Months Ended

Jun. 30, 2012

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
	June 30, 2012		July 2, 2011			June 30, 2012		July 2, 2011
Weighted average shares:
Weighted average common shares outstanding		51,771		54,546			51,881		54,981
Effect of dilutive securities outstanding		259		412			275		414
Diluted weighted average shares outstanding		52,030		54,958			52,156		55,395
Earnings (loss):
Income from continuing operations	$	30,353	$	33,169		$	60,517	$	63,297
Income (loss) from discontinued operations		300		(205	)		300		31,301
Net income	$	30,653	$	32,964		$	60,817	$	94,598
Basic per share amounts:
Income from continuing operations	$	0.58	$	0.60		$	1.16	$	1.15
Income (loss) from discontinued operations		0.01		(0.00	)		0.01		0.57
Net income	$	0.59	$	0.60		$	1.17	$	1.72
Diluted per share amounts:
Income from continuing operations	$	0.58	$	0.60		$	1.16	$	1.14
Income (loss) from discontinued operations		0.01		(0.00	)		0.01		0.57
Net income	$	0.59	$	0.60		$	1.17	$	1.71

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

	Three Months Ended				Six Months Ended
	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Potentially dilutive shares		2,183,000		1,436,000		1,799,000		1,437,000