Note H - Earnings Per Share

6 Months Ended

Jul. 09, 2022

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				Six Months Ended
In thousands	July 9, 2022		July 10, 2021		July 9, 2022		July 10, 2021
Weighted average common shares outstanding		13,588		13,863		13,554		13,871
Dilutive effect of stock options and restricted stock units		55		93		62		91
Weighted average common shares outstanding, assuming dilution		13,643		13,956		13,616		13,962

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 2022 and 2021 were zero and 11,900, respectively.