Earnings Per Share

3 Months Ended

Mar. 30, 2013

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 30, 2013		March 31, 2012
Weighted average shares:
Weighted average common shares outstanding		50,980		51,998
Effect of dilutive securities outstanding		386		303
Diluted weighted average shares outstanding		51,366		52,301
Basic per share amounts:
Net income	$	23,542	$	30,164
Weighted average common shares outstanding		50,980		51,998
Per share amount	$	0.46	$	0.58
Diluted per share amounts:
Net income	$	23,542	$	30,164
Diluted weighted average shares outstanding		51,366		52,301
Per share amount	$	0.46	$	0.58

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

	Three Months Ended
	March 30, 2013		March 31, 2012
Potentially dilutive shares		601,000		1,386,000