Calculation of Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

4. Calculation of Earnings Per Share

The calculations of basic earnings per common share and earnings per common share – assuming dilution are as follows (in thousands, except per-share data):

	Three Months Ended				Six Months Ended
	June 30,		June 24,		June 30,		June 24,
	2013		2012		2013		2012
Basic earnings per common share:
Net income, net of redeemable noncontrolling interests	$	17,150	$	14,289	$	36,456	$	31,270
Weighted average shares outstanding		21,742		23,733		21,998		23,893
Basic earnings per common share	$	0.79	$	0.60	$	1.66	$	1.31
Earnings per common share - assuming dilution:
Net income, net of redeemable noncontrolling interests	$	17,150	$	14,289	$	36,456	$	31,270
Weighted average shares outstanding		21,742		23,733		21,998		23,893
Dilutive effect of outstanding equity awards		508		379		545		377
Diluted weighted average shares outstanding		22,250		24,112		22,543		24,270
Earnings per common share - assuming dilution	$	0.77	$	0.59	$	1.62	$	1.29

Shares subject to options to purchase common stock with an exercise price greater than the average market price for the quarter are not included in the computation of earnings per common share – assuming dilution because the effect would be antidilutive. The weighted average number of shares subject to antidilutive options was 218,000 and 151,000 for the three and six months ended June 30, 2013, respectively (none for the three and six months ended June 24, 2012).