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Earnings Per Share (Tables)
9 Months Ended
Sep. 28, 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      Nine Months Ended  
     September 28, 2013      September 29, 2012      September 28, 2013      September 29, 2012  

Weighted average shares:

           

Weighted average common shares outstanding

     50,590         51,566         50,808         51,775   

Effect of dilutive securities outstanding

     334         243         363         266   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     50,924         51,809         51,171         52,041   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings (loss):

           

Income from continuing operations

   $ 38,600       $ 26,581       $ 92,700       $ 87,098   

Income from discontinued operations

     0         516         8         816   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

   $ 38,600       $ 27,097       $ 92,708       $ 87,914   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic per share amounts:

           

Income from continuing operations

   $ 0.76       $ 0.52       $ 1.82       $ 1.68   

Income from discontinued operations

     0.00         0.01         0.00         0.02   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

   $ 0.76       $ 0.53       $ 1.82       $ 1.70   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted per share amounts:

           

Income from continuing operations

   $ 0.76       $ 0.51       $ 1.81       $ 1.67   

Income from discontinued operations

     0.00         0.01         0.00         0.02   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

   $ 0.76       $ 0.52       $ 1.81       $ 1.69   
  

 

 

    

 

 

    

 

 

    

 

 

 
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      Nine Months Ended  
     September 28, 2013      September 29, 2012      September 28, 2013      September 29, 2012  

Potentially dilutive shares

     351,000         2,150,000         879,000         1,809,000