EARNINGS PER SHARE

3 Months Ended

Mar. 28, 2015

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 28, 2015		March 29, 2014
Numerator:
Net income	$	15,503	$	24,319
Denominator:
Weighted average number of common shares outstanding – Basic		18,678,485		19,365,951

Dilutive effect of options and restricted stock units outstanding under the Company's employee compensation plans		561,052		533,533

Weighted average number of common shares outstanding – Diluted		19,239,537		19,899,484

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.

- Definition

The entire disclosure for earnings per share.

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