EARNINGS PER SHARE

9 Months Ended

Oct. 01, 2011

NOTE 7 - EARNINGS PER SHARE

Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for the periods indicated:


	Three Months Ended		Nine Months Ended
	October 1, 2011	October 2, 2010	October 1, 2011	October 2, 2010

Numerator:
Net income	$10,737	$6,041	$29,496	$22,541
Denominator:
Weighted average number of common shares outstanding – Basic	18,978,755	19,019,011	18,875,788	19,100,361
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	317,425	248,402	141,944	211,846
Weighted average number of common shares outstanding – Diluted	19,296,180	19,267,413	19,017,732	19,312,207

The dilutive effect of outstanding options and restricted stock units is calculated using the treasury stock method. The weighted average number of common shares outstanding has decreased from the comparable prior year periods as a result of the Company’s stock repurchase plans. See Note 8 for further information.

There were no stock options that were anti-dilutive and therefore not included in the diluted earnings per share calculation.