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Note 9 - Earnings Per Share
 6 Months Ended
Jul. 02, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
9
. Earnings per Share
 
The following table sets forth the computation of basic and diluted earnings per share of July 2, 2016 and June 27, 2015 (in thousands, except per share amounts).
 
   
For the Three Months Ended
    
For the Six Months Ended
  
 
  
Ju
ly
2, 201
6
    
June 27, 2015
   
Ju
ly
2, 201
6
    
June 27, 2015
  
                                 
Net income
 
$
27.152
  
 
$
28.684
  
 
$
46,441
     $ 48,679  
                                 
Average shares outstanding - Basic
 
 
22,528
  
 
 
22,691
  
 
 
22,483
       22,645  
                                 
Net effect of dilutive stock options and restricted share units
 
 
146
  
 
 
144
  
 
 
164
       165  
                                 
Average shares - Diluted
 
 
22,674
  
 
 
22,835
  
 
 
22,647
       22,810  
                                 
Net income per share:
                                
Basic
 
$
1.21
  
 
$
1.26
  
 
$
2.07
     $ 2.15  
Diluted
 
$
1.20
  
 
$
1.26
  
 
$
2.05
     $ 2.13  
 
Potential shares of common stock relating to stock options excluded from the earnings per share calculation because their effect would be anti-dilutive were 60,491 and 113,878 for the three months ended July 2, 2016 and June 27, 2015, respectively, and 36,699 and 90,875 for the six months ended July 2, 2016 and June 27, 2015, respectively.