Earnings Per Share

9 Months Ended

Oct. 01, 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				Nine Months Ended
In thousands	October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015

Weighted average common shares outstanding		14,289		14,120		14,253		14,069
Dilutive effect of stock options and restricted stock units		60		190		60		188
Weighted average common shares outstanding, assuming dilution		14,349		14,310		14,313		14,257

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 64,000 and 4,200, respectively.