Note 10 - Earnings Per Share

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

10

. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	For the Three Months Ended				For the Six Months Ended
(in thousands, except per share amounts)	June 30 , 201 8		July 1 , 201 7		June 30 , 201 8		July 1 , 201 7
Numerator:
Net income as reported	$	42,326	$	48,638	$	78,354	$	87,530
Denominator:
Weighted average shares outstanding
Basic		25,004		22,822		24,671		22,785
Effect of dilutive securities		397		201		415		220
Diluted		25,401		23,023		25,086		23,005
Earnings Per Share:
Basic earnings per share	$	1.69	$	2.13	$	3.18	$	3.84
Diluted earnings per share	$	1.67	$	2.11	$	3.12	$	3.80

Potential shares of common stock relating to stock options excluded from the earnings per share calculation because their effect would be anti-dilutive were

47,849

and

46,100

for the

three

months ended

June 30, 2018

and

July 1, 2017,

respectively, and

23,659

and

21,896

for the

six

months ended

June 30, 2018

and

July 1, 2017,

respectively.