Earnings Per Share

3 Months Ended

Mar. 31, 2019

Note 10 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended
	March 30
(in thousands except per share data)	2019		2018
Numerator:
Net income	$	14,939	$	15,814

Denominator:
Basic earnings per share:
Weighted average shares		17,712		17,671
Diluted earnings per share:
Effect of dilutive stock options and restricted stock grants		11		16
Adjusted weighted average shares		17,723		17,687

Earnings per share:
Basic earnings per share	$	0.84	$	0.89
Diluted earnings per share		0.84		0.89

There were no options to purchase common shares that were excluded from the diluted calculations above for the three months ended March 31, 2019 and 2018. In addition to in-the-money stock options, unvested restricted stock grants were also used in the calculation of diluted earnings per share based on the treasury method.