EX-11 3 j5258_ex11.htm EX-11

Exhibit 11 - Calculation of Earnings Per Share

 

 

 

Three Months Ended

 

Nine Months Ended

 

(in thousands, except per share amounts)

 

Sept. 29, 2002

 

Sept. 30, 2001

 

Sept. 29, 2002

 

Sept. 30, 2001

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

10,463

 

$

10,451

 

$

35,721

 

$

35,717

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

19,643

 

22,574

 

20,553

 

22,625

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.53

 

$

0.46

 

$

1.74

 

$

1.58

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

10,463

 

$

10,451

 

$

35,721

 

$

35,717

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

19,643

 

22,574

 

20,553

 

22,625

 

Dilutive effect of outstanding common stock options

 

242

 

140

 

252

 

140

 

Diluted weighted average shares outstanding

 

19,885

 

22,714

 

20,805

 

22,765

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

$

0.53

 

$

0.46

 

$

1.72

 

$

1.57