Calculation of Earnings Per Share

6 Months Ended

Jun. 24, 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				Six Months Ended
	June 24,		June 26,		June 24,		June 26,
	2012		2011		2012		2011
	(As Restated)		(As Restated)		(As Restated)		(As Restated)
Basic earnings per common share:
Net income, net of redeemable noncontrolling interests	$	14,289	$	12,068	$	31,270	$	28,044
Weighted average shares outstanding		23,733		25,464		23,893		25,474
Basic earnings per common share	$	0.60	$	0.47	$	1.31	$	1.10
Earnings per common share - assuming dilution:
Net income, net of redeemable noncontrolling interests	$	14,289	$	12,068	$	31,270	$	28,044
Weighted average shares outstanding		23,733		25,464		23,893		25,474
Dilutive effect of outstanding equity awards		379		221		377		239
Diluted weighted average shares outstanding		24,112		25,685		24,270		25,713
Earnings per common share - assuming dilution	$	0.59	$	0.47	$	1.29	$	1.09

Shares subject to options to purchase common stock with an exercise price greater than the average market price 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 269,000 for the three months ended June 26, 2011 and 355,000 for the six months ended June 26, 2011 (none for the three and six months ended June 24, 2012).