Earnings Per Share

6 Months Ended

Jul. 15, 2017

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				Six Months Ended
	July 15,		July 9,		July 15,		July 9,
In thousands	2017		2016		2017		2016

Weighted average common shares outstanding		14,354		14,265		14,338		14,237
Dilutive effect of stock options and restricted stock units		30		74		31		81
Weighted average common shares outstanding, assuming dilution		14,384		14,339		14,369		14,318

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 2017 and 2016 were 83,600 and 68,700, respectively.