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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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

Six Months Ended

 

June 30,

2012

July 2,

2011

June 30,

2012

July 2,

2011

 

 

 

 

 

     Numerator:

 

 

 

 

  Net income

$18,014

$10,813

$33,494

$18,759

       Denominator:

 

 

 

 

  Weighted average number of common shares outstanding – Basic

 

19,155,127

 

18,897,879

 

19,135,946

 

18,824,585

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

 

 

 

528,152

 

 

 

362,614

 

 

 

490,875

 

 

 

175,266

      Weighted average number of common shares outstanding – Diluted

 

19,683,279

 

19,260,493

 

19,626,821

 

18,999,851

 

 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.