Earnings Per Share

9 Months Ended

Sep. 29, 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				Nine Months Ended
	September 29, 2012		October 1, 2011		September 29, 2012		October 1, 2011
Weighted average shares:
Weighted average common shares outstanding		51,566		53,339		51,775		54,405
Effect of dilutive securities outstanding		243		289		266		365
Diluted weighted average shares outstanding		51,809		53,628		52,041		54,770
Earnings:
Income from continuing operations	$	26,581	$	34,187	$	87,098	$	97,484
Income from discontinued operations		516		10,814		816		42,115
Net income	$	27,097	$	45,001	$	87,914	$	139,599
Basic per share amounts:
Income from continuing operations	$	0.52	$	0.64	$	1.68	$	1.79
Income from discontinued operations		0.01		0.20		0.02		0.77
Net income	$	0.53	$	0.84	$	1.70	$	2.56
Diluted per share amounts:
Income from continuing operations	$	0.51	$	0.64	$	1.67	$	1.78
Income from discontinued operations		0.01		0.20		0.02		0.77
Net income	$	0.52	$	0.84	$	1.69	$	2.55

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				Nine Months Ended
	September 29, 2012		October 1, 2011		September 29, 2012		October 1, 2011
Potentially dilutive shares		2,150,000		1,851,000		1,809,000		1,446,000