Earnings Per Share

9 Months Ended

Sep. 27, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 13 – Earnings Per Share

Earnings per share were computed as follows (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
Weighted average shares:
Weighted average common shares outstanding		50,835		50,590		50,615		50,808
Effect of dilutive securities outstanding		626		334		636		363
Diluted weighted average shares outstanding		51,461		50,924		51,251		51,171
Earnings (loss):
Income from continuing operations	$	14,945	$	38,600	$	84,108	$	92,700
Income from discontinued operations		0		0		0		8
Net income	$	14,945	$	38,600	$	84,108	$	92,708
Basic per share amounts:
Income from continuing operations	$	0.29	$	0.76	$	1.66	$	1.82
Income from discontinued operations		0.00		0.00		0.00		0.00
Net income	$	0.29	$	0.76	$	1.66	$	1.82
Diluted per share amounts:
Income from continuing operations	$	0.29	$	0.76	$	1.64	$	1.81
Income from discontinued operations		0.00		0.00		0.00		0.00
Net income	$	0.29	$	0.76	$	1.64	$	1.81

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 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
Potentially dilutive shares		0		351,000		179,760		879,000