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EARNINGS PER SHARE
 9 Months Ended
Sep. 27, 2014
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

  

Nine Months Ended
   

September 27,
2014

  

September 28,
2013

  

September 27,
2014

  

September 28,
2013

Numerator:

                

Net income

   $ 6,781     $ 28,671     $ 53,387     $ 84,697  

Denominator:

                                

Weighted average number of common shares outstanding – Basic

     19,417,437       19,344,584       19,398,184       19,320,328  
                                 

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

     515,875       603,470       480,873       591,792  
                                 

Weighted average number of common shares outstanding – Diluted

     19,933,312       19,948,054       19,879,057       19,912,120  

 

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.