Net Income per Share (Tables)

3 Months Ended

Mar. 28, 2015

Computation of Earnings Per Share, Basic

The following table sets forth the computation of basic net income per share using the two-class method:

	Thirteen weeks ended
	March 28, 2015		March 29, 2014
	(in thousands, except per share data)
Net Income	$	13,743	$	8,315
Allocation of net income for basic:
Class A Common Stock	$	9,934	$	5,766
Class B Common Stock		3,744		2,502
Unvested participating shares		65		47
	$	13,743	$	8,315
Weighted average number of shares for basic:
Class A Common Stock		9,598		8,999
Class B Common Stock		3,617		3,905
Unvested participating shares		63		73
		13,278		12,977
Net income per share for basic:
Class A Common Stock	$	1.04	$	0.64
Class B Common Stock	$	1.04	$	0.64

Computation of Earnings Per Share, Diluted

The following table sets forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock and using the two-class method for unvested participating shares:

	Thirteen weeks ended March 28, 2015						Thirteen weeks ended March 29, 2014
	Earnings to Common Shareholders		Common Shares		EPS		Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	9,934		9,598	$	1.04	$	5,766		8,999	$	0.64
Add: effect of dilutive potential common shares
Share-based awards		—		418				—		531
Class B Common
Stock		3,744		3,617				2,502		3,905
Net effect of unvested participating shares		2		—				2		—
Net income per common share - diluted	$	13,680		13,633	$	1.00	$	8,270		13,435	$	0.62