Note 9 - Earnings Per Share

6 Months Ended

Jul. 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				For the Six Months Ended
(in thousands , except per share amounts )	July 1, 201 7		July 2 , 201 6		July 1, 201 7		July 2, 2016
Numerator:
Net income as reported	$	48,638	$	27,152	$	87,530	$	46,441
Denominator:
Weighted average shares outstanding
Basic		22,822		22,528		22,785		22,483
Effect of dilutive securities		201		146		220		164
Diluted		23,023		22,674		23,005		22,647
Earnings Per Share:
Basic earnings per share	$	2.13	$	1.21	$	3.84	$	2.07
Diluted earnings per share	$	2.11	$	1.20	$	3.80	$	2.05

Potential shares of common stock relating to stock options excluded from the earnings per share calculation because their effect would be anti-dilutive were

46,100

and

60,491

for the

three

months ended

July 1, 2017

and

July 2, 2016,

respectively, and

21,896

and

36,699

for the

six

months ended

July 1, 2017

and

July 2, 2016,

respectively.