Earnings Per Share

9 Months Ended

Oct. 07, 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				Nine Months Ended
	October 7,		October 1,		October 7,		October 1,
In thousands	2017		2016		2017		2016

Weighted average common shares outstanding		14,367		14,289		14,347		14,253
Dilutive effect of stock options and restricted stock units		33		60		33		60
Weighted average common shares outstanding, assuming dilution		14,400		14,349		14,380		14,313

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 77,600 and 64,000, respectively.