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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

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

 

March 31,
2012

April 2,
2011

 

 

 

Numerator:

 

 

Net income

$15,480

$7,947

Denominator:

 

 

Weighted average number of common shares outstanding – Basic

19,116,765

18,752,088

Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans

436,916

220,201

Weighted average number of common shares outstanding – Diluted

19,553,681

18,972,289

 

The dilutive effect of outstanding options and restricted stock units is calculated using the treasury stock method. There were no stock options that were anti-dilutive and therefore not included in the diluted earnings per share calculation.