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Note 7 - Earnings Per Share
 6 Months Ended
Jun. 27, 2015
Notes to Financial Statements  
Earnings Per Share [Text Block]
7
.
Earnings per Share
 
The following table sets forth the computation of basic and diluted earnings per share for the periods ended June 27, 2015 and June 28, 2014 (in thousands except per share amounts).
 
   
For the Three Months Ended
    
For the Six Months Ended
  
 
  
June 27, 2015
   
June 28, 2014
   
June 27, 2015
    
June 28, 2014
  
                                 
Net income
 
$
28.684
     $ 24,578  
 
$
48,679
     $ 49,967  
                                 
Average shares outstanding - Basic
 
 
22,691
       22,579  
 
 
22,645
       22,536  
                                 
Net effect of dilutive stock options and restricted share units
 
 
144
       171  
 
 
165
       202  
                                 
Average shares - Diluted
 
 
22,835
       22,750  
 
 
22,810
       22,738  
                                 
Net income per share:
                                
Basic
 
$
1.26
     $ 1.09  
 
$
2.15
     $ 2.22  
Diluted
 
$
1.26
     $ 1.08  
 
$
2.13
     $ 2.20  
 
Potential shares of common stock relating to stock options excluded from the earnings per share calculation because their effect would be anti-dilutive were113,878 and 46,190 for the three months ended June 27, 2015 and June 28, 2014 and 90,875 and 22,708 for the six months ended June 27
, 2015
and June 28
, 2014
, respectively.