Earnings Per Share

3 Months Ended

Mar. 19, 2016

Note J - 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
	March 19,		March 21,
In thousands	2016		2015

Weighted average common shares outstanding		14,200		14,015
Dilutive effect of stock options and restricted stock units		89		235
Weighted average common shares outstanding, assuming dilution		14,289		14,250

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 2016 and 2015 were 55,200 and 38,250, respectively.