Note L - Earnings Per Share

3 Months Ended

Mar. 24, 2012

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
All amounts in thousands	March 24, 2012		March 19, 2011
Weighted average common shares outstanding		12,894		12,804
Dilutive effect of stock options and restricted stock units		536		545
Weighted average common shares outstanding, assuming dilution		13,430		13,349

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 2012 and 2011 were 470,524 and 264,024, respectively.