Earnings Per Share

6 Months Ended

Jun. 27, 2015

Earnings Per Share

(3) Earnings Per Share

Earnings per common share are based on the weighted average number of shares outstanding, including outstanding non-vested restricted stock. Diluted earnings per share are based on the weighted average number of common shares outstanding plus the incremental shares that would have been outstanding upon the assumed exercise of all dilutive stock options.

The following table provides a reconciliation of the average number of common shares outstanding used to calculate earnings per common share to the average number of common shares and common share equivalents outstanding used to calculate diluted earnings per share (in thousands):

	Twenty Six Weeks Ended				Thirteen Weeks Ended
	June 27, 2015		June 28, 2014		June 27, 2015		June 28, 2014
Average number of common shares outstanding		44,240		45,171		43,892		44,935
Incremental shares from assumed exercises of stock options		157		191		141		193
Average number of common shares and common share equivalents outstanding		44,397		45,362		44,033		45,128

For each of the twenty-six-week and thirteen-week periods ended June 27, 2015 and June 28, 2014, no options outstanding to purchase shares of common stock were antidilutive. Outstanding RSUs were excluded from the calculation of diluted earnings per share for all periods because the performance metric requirements for vesting had not been satisfied.