| Reconciliation of Basic and Diluted Weighted Average Shares Outstanding |
| | | | | | | | | |
| | Three Months Ended | | | March 27, | | March 29, | (In thousands) | | 2015 | | 2014 | Net income | | $ | 4,965 |
| | $ | 11,235 |
|
| |
| |
| Weighted average common shares outstanding ¹ | | 10,495 |
| | 10,474 |
| Dilutive effect of share-based compensation outstanding after application of the treasury stock method | | 285 |
| | — |
| Diluted weighted average common shares outstanding ¹ | | 10,780 |
| | 10,474 |
| | | | | | Earnings per share | |
| |
| Basic | | $ | 0.47 |
| | $ | 1.07 |
| Diluted | | $ | 0.46 |
| | $ | 1.07 |
| | | | | | ¹ For periods ended September 27, 2014 and prior, basic and diluted earnings per share are computed using the number of shares of Vectrus common stock outstanding on September 27, 2014, the date on which the Vectrus common stock was distributed to the shareholders of Exelis Inc. |
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