Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies

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Summary of Significant Accounting Policies
 6 Months Ended
Jun. 30, 2012
Summary of Significant Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Earnings per share

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

 

                                 
    Three Months Ended     Six Months Ended  
    June 30, 2012     July 2, 2011     June 30, 2012     July 2, 2011  
         

Net income

   $ 11,247     $ 10,437     $ 21,870     $ 20,207  

Weighted average basic shares outstanding

     25,937       25,638       25,861       25,593  

Basic net income per common share

   $ 0.43     $ 0.41     $ 0.85     $ 0.79  

Effect of dilutive stock options

     38       36       44       36  

Weighted average diluted shares outstanding

     25,975       25,674       25,905       25,629  

Diluted net income per common share

   $ 0.43     $ 0.41     $ 0.84     $ 0.79  

 

Reclassification

Certain amounts shown in the 2011 consolidated financial statements have been reclassified to conform to the current presentation.