Earnings Per Share

9 Months Ended

Oct. 01, 2011

NOTE L – EARNINGS PER SHARE

A reconciliation of the number of common shares used in the calculation of basic and diluted earnings per share (EPS) is presented below:


	Three Months Ended									Nine Months Ended
	October 1, 2011					October 2, 2010				October 1, 2011					October 2, 2010
	Shares		Per-Share Amount			Shares		Per-Share Amount		Shares		Per-Share Amount			Shares		Per-Share Amount

Basic EPS		16,609,005	$	0.39			16,160,378	$	0.14		16,435,337	$	0.85			16,144,366	$	0.39

Effect of dilutive securities		240,277		(0.01	)		110,363		—		353,439		(0.02	)		148,572		(0.01	)


Diluted EPS		16,849,282	$	0.38			16,270,741	$	0.14		16,788,776	$	0.83			16,292,938	$	0.38

There were 4,750 antidilutive securities excluded for the three month and nine month periods ended October 1, 2011 and there were 732,991 and 1,074,269 antidilutive shares excluded for the three month period and nine month period ended October 2, 2010 as they were out-of-the money stock options.