Earnings Per Share

9 Months Ended

Oct. 03, 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				Nine Months Ended
	October 3,		October 4,		October 3,		October 4,
In thousands	2015		2014		2015		2014

Weighted average common shares outstanding		14,120		13,922		14,069		13,821
Dilutive effect of stock options and restricted stock units		190		264		188		257
Weighted average common shares outstanding, assuming dilution		14,310		14,186		14,257		14,078

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 2014. In 2015, there were 4,200 restricted stock units excluded from the computation of dilutive earnings per share.