Note H - Earnings Per Share

9 Months Ended

Oct. 02, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

Note H ‑ 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 2, 2021		October 3, 2020		October 2, 2021		October 3, 2020
Weighted average common shares outstanding		13,706		14,128		13,821		14,117
Dilutive effect of stock options and restricted stock units		102		137		102		105
Weighted average common shares outstanding, assuming dilution		13,808		14,265		13,923		14,222

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 2021 and 2020 were 11,900 and 57,569, respectively.