Note 10 - Earnings Per Share

6 Months Ended

Jun. 28, 2015

(10) Earnings Per Share

The following table sets forth the computation of earnings per share (amounts in thousands, except share and per share amounts):

	13 Weeks Ended					26 Weeks Ended

	June 28,			June 29,		June 28,			June 29,
	2015			2014		2015			2014


Income from continuing operations	$	7,669		$	6,668	$	18,437		$	15,657
Income (loss) from discontinued operations, net of income taxes		(153	)		236		(509	)		111
Net income	$	7,516		$	6,904	$	17,928		$	15,768
Shares:
Weighted average number of common shares outstanding - basic		34,343,691			35,122,131		34,280,024			35,108,391
Weighted average number of common shares outstanding - diluted		34,611,107			35,587,975		34,640,397			35,703,436

Basic earnings (loss) per common share:
Continuing operations	$	0.22		$	0.19	$	0.53		$	0.45
Discontinued operations		(0.00	)		0.01		(0.01	)		0.00
Basic earnings per common share	$	0.22		$	0.20	$	0.52		$	0.45

Diluted earnings (loss) per common share:
Continuing operations	$	0.22		$	0.18	$	0.53		$	0.44
Discontinued operations		(0.00	)		0.01		(0.01	)		0.00
Diluted earnings per common share	$	0.22		$	0.19	$	0.52		$	0.44

Diluted earnings per share for the second quarters of fiscal year 2015 and 2014 excludes stock options and restricted shares of 185,291 and 152,722 respectively, which were outstanding during the period but were anti-dilutive. The weighted average exercise prices of the anti-dilutive stock options for second quarters of fiscal years 2015 and 2014 were $18.72 per share and $18.70 per share, respectively. Diluted earnings per share for the first twenty-six weeks of fiscal years 2015 and 2014 excludes stock options and restricted shares of 220,272 and 145,634 respectively, which were outstanding during the period but were anti-dilutive. The weighted average exercise prices of the anti-dilutive stock options for the first twenty-six weeks of fiscal years 2015 and 2014 were $18.72 per share and $18.69 per share, respectively.