Note L - Earnings Per Share

6 Months Ended

Jul. 09, 2011

Earnings Per Share [Text Block]

Note L - Earnings Per Share

The shares used in computation of the Company’s basic and diluted earnings per common share are as follows:

	Three Months Ended				Six Months Ended
All amounts in thousands	July 09, 2011		July 10, 2010		July 09, 2011		July 10, 2010
Weighted average common shares outstanding		12,839		12,711		12,824		12,700
Dilutive effect of stock options and restricted stock units		429		517		438		488
Weighted average common shares outstanding, assuming dilution		13,268		13,228		13,262		13,188

Stock options that are anti-dilutive as to earnings per share and unvested restricted stock units which have a market condition for vesting that has not been achieved are ignored in the computation of dilutive earnings per share. The number of stock options and restricted stock units that were excluded in 2011 and 2010 were 252,024 and 529,149, respectively.