EARNINGS PER SHARE

3 Months Ended

Apr. 02, 2016

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
	April 2, 2016		March 28, 2015
Numerator:
Net income	$	23,278	$	15,503
Denominator:
Weighted average number of common shares outstanding – Basic		18,943,427		18,678,485

Dilutive effect of options and restricted stock units outstanding under the Company's employee compensation plans		225,150		561,052

Weighted average number of common shares outstanding – Diluted		19,168,577		19,239,537

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.