Earnings per Share

9 Months Ended

Oct. 03, 2015

Earnings Per Share [Abstract]

Earnings per Share

Note 15 – Earnings per Share

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

	Three Months Ended					Nine Months Ended
	October 3, 2015			September 27, 2014		October 3, 2015			September 27, 2014
Weighted average shares:
Basic weighted average shares outstanding		51,152			50,835		50,926			50,615
Effect of dilutive securities outstanding		0			626		0			636
Diluted weighted average and equivalent shares outstanding		51,152			51,461		50,926			51,251
Net (loss) income	$	(28,950	)	$	14,945	$	(130,505	)	$	84,108
Basic per share amounts:
Basic weighted average shares outstanding		51,152			50,835		50,926			50,615
Per share amount	$	(0.57	)	$	0.29	$	(2.56	)	$	1.66
Diluted per share amounts:
Diluted weighted average and equivalent shares outstanding		51,152			51,461		50,926			51,251
Per share amount	$	(0.57	)	$	0.29	$	(2.56	)	$	1.64

Anti-dilutive securities consist primarily of stock appreciation rights (SARs) with an exercise price greater than the average market closing price of the Class A common stock.

Due to a net loss for the third quarter and the first nine months of 2015, options, awards and warrants were anti-dilutive and therefore excluded from the earnings per share calculation. These excluded outstanding options, awards and warrants are as follows:

	Three Months Ended				Nine Months Ended
	October 3, 2015		September 27, 2014		October 3, 2015		September 27, 2014
Potentially dilutive shares		1,435,155		0		1,492,882		179,760