Earnings Per Share

6 Months Ended

Jun. 29, 2013

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				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Weighted average shares:
Weighted average common shares outstanding		50,900		51,771		50,929		51,881
Effect of dilutive securities outstanding		383		259		381		275
Diluted weighted average shares outstanding		51,283		52,030		51,310		52,156
Earnings (loss):
Income from continuing operations	$	30,558	$	30,353	$	54,100	$	60,517
Income from discontinued operations		8		300		8		300
Net income	$	30,566	$	30,653	$	54,108	$	60,817
Basic per share amounts:
Income from continuing operations	$	0.60	$	0.58	$	1.06	$	1.16
Income from discontinued operations		0.00		0.01		0.00		0.01
Net income	$	0.60	$	0.59	$	1.06	$	1.17
Diluted per share amounts:
Income from continuing operations	$	0.60	$	0.58	$	1.05	$	1.16
Income from discontinued operations		0.00		0.01		0.00		0.01
Net income	$	0.60	$	0.59	$	1.05	$	1.17

Potentially dilutive securities 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				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Potentially dilutive shares		899,000		2,183,000		905,000		1,799,000