Calculation of Earnings Per Share

3 Months Ended

Mar. 25, 2012

Calculation of Earnings Per Share

6.   Calculation of Earnings Per Share

The calculations of basic earnings per common share and earnings per common share – assuming dilution are as follows (in thousands, except per-share data):

	Three Months Ended
	March 25,		March 27,
	2012		2011
	(As Restated)		(As Restated)
Basic earnings per common share:
Net income, net of redeemable noncontrolling interests	$	16,981	$	15,976
Weighted average shares outstanding		24,053		25,484
Basic earnings per common share	$	0.71	$	0.63
Earnings per common share - assuming dilution:
Net income, net of redeemable noncontrolling interests	$	16,981	$	15,976
Weighted average shares outstanding		24,053		25,484
Dilutive effect of outstanding equity awards		385		273
Diluted weighted average shares outstanding		24,438		25,757
Earnings per common share - assuming dilution	$	0.69	$	0.62

Shares subject to options to purchase common stock with an exercise price greater than the average market price for the quarter were not included in the computation of earnings per common share – assuming dilution because the effect would have been antidilutive. The weighted average number of shares subject to the antidilutive options was 439,000 for the three months ended March 27, 2011 (none for the three months ended March 25, 2012).