EX-11 3 j4520_ex11.htm EX-11

Exhibit 11 - Calculation of Earnings per Share

 

 

 

Three Months Ended

 

Six Months Ended

 

(In thousands, except per share amounts)

 

June 30, 2002

 

July 1, 2001

 

June 30, 2002

 

July 1, 2001

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

12,387

 

$

12,513

 

$

25,258

 

$

25,266

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

20,656

 

22,494

 

21,009

 

22,651

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.60

 

$

0.56

 

$

1.20

 

$

1.12

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

12,387

 

$

12,513

 

$

25,258

 

$

25,266

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

20,656

 

22,494

 

21,009

 

22,651

 

Dilutive effect of outstanding common stock options

 

332

 

185

 

256

 

139

 

Diluted weighted average shares outstanding

 

20,988

 

22,679

 

21,265

 

22,790

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

$

0.59

 

$

0.55

 

$

1.19

 

$

1.11