Note 11 - Earnings Per Share

12 Months Ended

Dec. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

11

. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

(in thousands, except per share amounts )	201 7		201 6		201 5
Numerator:
Net income as reported	$	119,519	$	104,488	$	80,866
Denominator:
Weighted average shares outstanding
Basic		22,687		22,559		22,565
Effect of dilutive securities		244		168		154
Diluted		22,931		22,727		22,719
Earnings Per Share:
Basic earnings per share	$	5.27	$	4.63	$	3.58
Diluted earnings per share	$	5.21	$	4.60	$	3.56

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

37,443

shares,

53,448

shares, and

113,130

shares in

2017,

2016,

and

2015,

respectively.

On

January 17, 2018,

the Company acquired IXYS through a combination of cash, Littelfuse common stock, and the value of converted, or cash settled IXYS equity awards. The Company issued approximately

2.1

million shares of Littelfuse common stock and conve

rted IXYS equity awards into approximately

0.5

million Littelfuse equity awards.