Note 9 - Earnings Per Share

3 Months Ended

Apr. 01, 2017

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:

	For the Three Months Ended
(in thousands, except per share amounts )	April 1, 2017		April 2, 2016
Numerator:
Net income as reported	$	38,891	$	19,289
Denominator:
Weighted average shares outstanding
Basic		22,748		22,438
Effect of dilutive securities		241		183
Diluted		22,989		22,621
Earnings Per Share:
Basic earnings per share	$	1.71	$	0.86
Diluted earnings per share	$	1.69	$	0.85

No potential shares of common stock attributable to stock options were excluded from the earnings per share calculation because their effect would be anti-dilutive for the

three

months ended

April

1,

2017

while

21,888

shares were excluded for the

three

months ended

April

2,

2016.