Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies

v3.2.0.727
Summary of Significant Accounting Policies
 6 Months Ended
Jun. 27, 2015
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 27, 2015
 
June 28, 2014
June 27, 2015
 
June 28, 2014
Net income
$
9,248

 
$
12,186

$
19,625

 
$
23,571

Weighted average basic shares outstanding
26,684

 
26,444

26,645

 
26,409

Basic net income per common share
$
0.35

 
$
0.46

$
0.74

 
$
0.89

Effect of dilutive stock options
—

 
—

—

 
—

Weighted average diluted shares outstanding
26,684

 
26,444

26,645

 
26,409

Diluted net income per common share
$
0.35

 
$
0.46

$
0.74

 
$
0.89