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Earnings Per Share
 9 Months Ended
Sep. 29, 2012
Earnings Per Share

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  
     September 29, 2012     October 1, 2011     September 29, 2012     October 1, 2011  
     Shares      Per-Share
Amount		     Shares      Per-Share
Amount		     Shares      Per-Share
Amount		     Shares      Per-Share
Amount		  

Basic EPS

      16,944,120       $ 0.22        16,609,005       $ 0.39        16,892,338       $ 0.90        16,435,337       $ 0.85   

Effect of dilutive securities

      149,982         (0.01 )      240,277         (0.01 )      256,217         (0.02 )      353,439         (0.02 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Diluted EPS

      17,094,102       $ 0.21        16,849,282       $ 0.38        17,148,555       $ 0.88        16,788,776       $ 0.83   
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

The effect of 240,616 securities were not included for the three months and nine months ended September 29, 2012, as they were antidilutive. There were no antidilutive securities for the three months and nine months ended October 1, 2011, as a result of all outstanding stock options being in-the-money.