Note 8 - Earnings Per Share

3 Months Ended

Apr. 02, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

8. Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share of April 2, 2016 and March 28, 2015 (in thousands, except per share amounts).

	For the Three Months Ended
	April 2, 2016		March 28, 2015
Net income	$	19,289	$	19,995
Average shares outstanding - Basic		22,438		22,600
Net effect of dilutive stock options and restricted share units		183		181
Average shares - Diluted		22,621		22,781
Net income per share:
Basic	$	0.86	$	0.88
Diluted	$	0.85	$	0.88

Potential shares of common stock relating to stock options excluded from the earnings per share calculation because their effect would be anti-dilutive were 21,888 and 64,520 for the three months ended April 2, 2016

and March 28

, 2015

, respectively.