Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

May 15, 2002

Exhibit 11 - - Calculation of Earnings per Share

 

 

 

 

Three Months Ended

 

(In thousands, except per share amounts)

 

March 31, 2002

 

April 1, 2001

 

 

 

 

 

 

 

Basic Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

12,871

 

$

12,753

 

 

 

 

 

 

 

Weighted average shares outstanding

 

21,361

 

22,807

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.60

 

$

0.56

 

 

 

 

 

 

 

Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

12,871

 

$

12,753

 

 

 

 

 

 

 

Weighted average shares outstanding

 

21,361

 

22,807

 

Dilutive effect of outstanding common stock options

 

181

 

94

 

Diluted weighted average shares outstanding

 

21,542

 

22,901

 

Diluted earnings per share

 

$

0.60

 

$

0.56