Earnings Per Share

6 Months Ended

Jul. 11, 2015

Note K - 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
	July 11,		July 12,		July 11,		July 12,
In thousands	2015		2014		2015		2014

Weighted average common shares outstanding		14,072		13,867		14,047		13,789
Dilutive effect of stock options and restricted stock units		193		284		185		266
Weighted average common shares outstanding, assuming dilution		14,265		14,151		14,232		14,055

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. No stock options or restricted stock units were excluded in the computation of dilutive earnings per share in 2015 and 2014.