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Earnings Per Share (Tables)
6 Months Ended
Jun. 29, 2013
Earnings Per Share [Abstract]  
Computation of 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 Earnings Per Share Calculation

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