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Earnings Per Share
6 Months Ended
Jun. 30, 2012
Earnings Per Share

NOTE L – EARNINGS PER SHARE

A reconciliation of the number of common shares used in the calculation of basic and diluted earnings per share (EPS) is presented below:

 

     Three Months Ended     Six Months Ended  
     June 30, 2012      July 2, 2011     June 30, 2012     July 2, 2011  
     Shares      Per-Share
Amount
     Shares      Per-Share
Amount
    Shares      Per-Share
Amount
    Shares      Per-Share
Amount
 

Basic EPS

     16,921,012       $ 0.28         16,448,229       $ 0.26        16,861,221       $ 0.68        16,349,190       $ 0.46   

Effect of dilutive securities

     219,103         —           397,648         (0.01     295,964         (0.01     374,829         (0.01
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Diluted EPS

     17,140,115       $ 0.28         16,845,877       $ 0.25        17,157,185       $ 0.67        16,724,019       $ 0.45   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

The effect of 240,616 and 240,116 securities were not included for the three months and six months ended June 30, 2012, as they were antidilutive. There were no antidilutive securities for the three months and six months ended July 2, 2011, as a result of outstanding stock options being in-the-money.