Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies

v2.4.0.8
Summary of Significant Accounting Policies
 9 Months Ended
Sep. 28, 2013
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 28, 2013
 
September 29, 2012
 
September 28, 2013
 
September 29, 2012
Net income
$
8,275

 
$
8,835

 
$
29,640

 
$
30,704

Weighted average basic shares outstanding
26,247

 
25,989

 
26,206

 
25,904

Basic net income per common share
$
0.32

 
$
0.34

 
$
1.13

 
$
1.19

Effect of dilutive stock options
—

 
10

 
—

 
32

Weighted average diluted shares outstanding
26,247

 
25,999

 
26,206

 
25,937

Diluted net income per common share
$
0.32

 
$
0.34

 
$
1.13

 
$
1.18




Reclassification
Certificates of deposit classified as cash in the prior period were reclassified to marketable securities to conform to the current year presentation. Non-trade receivables classified as accounts receivable in the prior period were reclassified to other current assets to conform to the current year presentation.