Note 9 - Earnings Per Share

9 Months Ended

Sep. 30, 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 Nine Months Ended
(in thousands, except per share amounts)	September 30 , 2017		October 1 , 2016		September 30 , 2017		October 1 , 2016
Numerator:
Net income as reported	$	42,808	$	30,802	$	130,338	$	77,243
Denominator:
Weighted average shares outstanding
Basic		22,713		22,578		22,678		22,515
Effect of dilutive securities		240		156		228		160
Diluted		22,953		22,734		22,906		22,675
Earnings Per Share:
Basic earnings per share	$	1.88	$	1.36	$	5.75	$	3.43
Diluted earnings per share	$	1.87	$	1.35	$	5.69	$	3.41

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

30,579

and

76,845

for the

three

months ended

September 30, 2017

and

October 1, 2016,

respectively, and

35,858

and

45,591

for the

nine

months ended

September 30, 2017

and

October 1, 2016,

respectively.