EARNINGS PER SHARE

6 Months Ended

Jun. 27, 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				Six Months Ended
	June 27, 2015		June 28, 2014		June 27, 2015		June 28, 2014
Numerator:
Net income	$	17,560	$	22,286	$	33,063	$	46,605
Denominator:
Weighted average number of common shares outstanding – Basic		18,697,623		19,410,102		18,688,269		19,388,396

Dilutive effect of options and restricted stock units outstanding under the Company's employee compensation plans		649,435		533,411		620,478		511,610

Weighted average number of common shares outstanding – Diluted		19,347,058		19,943,513		19,308,747		19,900,006

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.