Net Income per Share (Tables)

3 Months Ended

Mar. 30, 2013

Computation of Earnings Per Share, Basic

The following table sets forth the computation of basic net income per share using the two-class method:

	Thirteen weeks ended
	March 30, 2013		March 31, 2012
	(in thousands, except per share data)
Net income	$	6,912	$	7,493
Allocation of net income for basic:
Class A Common Stock	$	4,664	$	5,081
Class B Common Stock		2,197		2,412
Unvested participating shares		51		—
	$	6,912	$	7,493
Weighted average number of shares for basic:
Class A Common Stock		8,709		8,652
Class B Common Stock *		4,102		4,107
Unvested participating shares		97		—
		12,908		12,759
Net income per share for basic:
Class A Common Stock	$	0.54	$	0.59
Class B Common Stock	$	0.54	$	0.59

* Change in Class B Common Stock resulted from the conversion of 100,000 shares to Class A Common Stock on March 25, 2013, weighted average for the period.

Computation of Earnings Per Share, Diluted

The following table sets forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock and using the two-class method for unvested participating shares:

	Thirteen weeks ended March 30, 2013						Thirteen weeks ended March 31, 2012
	Earnings to Common Shareholders		Common Shares		EPS		Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	4,664		8,709	$	0.54	$	5,081		8,652	$	0.59
Add: effect of dilutive potential common shares
Share-based awards		—		694				—		690
Class B Common Stock		2,197		4,102				2,412		4,107
Net effect of unvested participating shares		2		—				—		—
Net income per common share - diluted	$	6,863		13,505	$	0.51	$	7,493		13,449	$	0.56