Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies

v3.3.0.814
Summary of Significant Accounting Policies
 9 Months Ended
Sep. 26, 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
Nine Months Ended
 
September 26, 2015
 
September 27, 2014
September 26, 2015
 
September 27, 2014
Net income
$
8,410

 
$
9,877

$
28,035

 
$
33,449

Weighted average basic shares outstanding
26,695

 
26,455

26,662

 
26,425

Basic net income per common share
$
0.32

 
$
0.37

$
1.05

 
$
1.27

Effect of dilutive stock options
—

 
—

—

 
—

Weighted average diluted shares outstanding
26,695

 
26,455

26,662

 
26,425

Diluted net income per common share
$
0.32

 
$
0.37

$
1.05

 
$
1.27