v2.4.0.6
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding
The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:
 
For the
three-month periods ended
 
March 31,
2012
 
April 2,
2011
 
 
 
 
Weighted-average number of common and common equivalent shares outstanding:
 
 
 
Basic number of common shares outstanding
58,057,275

 
57,049,228

Dilutive effect of unvested restricted stock
178,708

 
141,851

Dilutive effect of stock options
604,735

 
694,932

Diluted number of common and common equivalent shares outstanding
58,840,718

 
57,886,011

 
 
 
 
Basic net income per common share:
 
 
 
Net income
$
32,275,000

 
$
32,123,000

Income allocated to participating securities
(442,525
)
 
(364,477
)
Net income available to common shareholders
$
31,832,475

 
$
31,758,523

 
 
 
 
Basic net income per common share
$
0.55

 
$
0.56

 
 
 
 
Diluted net income per common share:
 
 
 
Net income
$
32,275,000

 
$
32,123,000

Income allocated to participating securities
(438,025
)
 
(360,140
)
Net income available to common shareholders
$
31,836,975

 
$
31,762,860

 
 
 
 
Diluted net income per common share
$
0.54

 
$
0.55