Note M - Earnings Per Share

9 Months Ended

Oct. 01, 2011

Earnings Per Share [Text Block]

Note M- 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				Nine Months Ended
All amounts in thousands	October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Weighted average common shares outstanding		12,871		12,740		12,838		12,712
Dilutive effect of stock options and restricted stock units		543		569		565		484
Weighted average common shares outstanding, assuming dilution		13,414		13,309		13,403		13,196

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 247,024 and 484,649, respectively.