Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
16. EARNINGS PER SHARE

The following table represents the computation of basic and diluted net income per common share (in thousands, except per share data):

 

                         
     December 31,      January 1,      January 2,  
     2011      2011      2010  

Net income

   $ 37,677       $ 21,400       $ 1,856   
       

Basic weighted average number of common shares outstanding

     25,642         25,428         25,256   
       

Basic net income per common share

   $ 1.47       $ 0.84       $ 0.07   

Effect of dilutive stock options and deferred director stock units

     42         50         49   
       

Diluted weighted average number of common shares outstanding

     25,684         25,478         25,305   
       

Diluted net income per common share

   $ 1.47       $ 0.84       $ 0.07