The Company has two stock incentive plans, the 1984 Employee Incentive Stock Option Plan (the 1984 Plan) and the 1994 Stock and Incentive Plan (the 1994 Plan). The 1984 Plan and the 1994 Plan allow for the grant of awards in respect of an aggregate of 401,250 and 1,172,500 shares of the Company's Common Stock, respectively. As of April 1, 2001, no shares were available for issue in respect of additional awards under the 1984 Plan and 120,400 shares were available for issue in respect of additional awards under the 1994 Plan. The 1994 Plan, which has a term of 10 years and expires in 2004, allows for the grant of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock and restricted stock units and other performance awards. To date, only options have been granted as awards under the 1994 Plan. In addition to options outstanding under the 1984 Plan and the 1994 Plan, non-plan options to purchase an aggregate of 281,888 shares of the Company's Common Stock have been granted at the discretion of the Board of Directors or the Compensation Committee of the Board of Directors. Transactions involving options are summarized as follows:

	2001		2000		1999
	Shares	Weighted Average Exercise Price	Shares	Weighted Average Exercise Price	Shares	Weighted Average Exercise Price
Outstanding, beginning of year	990,700	$19.04	702,200	$18.23	694,600	$17.20
Granted	276,800	23.50	396,300	20.14	116,100	19.89
Exercised	(23,200)	13.27	(50,900)	12.83	(55,900)	7.10
Cancelled	(67,300)	18.64	(56,900)	22.19	(52,600)	20.09
Outstanding, end of year	1,177,000	$20.19	990,700	$19.04	702,200	$18.23
Exercisable at  end of year	459,300		272,400		323,300
Weighted average fair value of
options granted  during the year	$9.76		$7.14		$7.13

Information about fixed stock options outstanding and exercisable as of April 1, 2001 is as follows:

	OUTSTANDING		EXERCISABLE
Range of Exercise Price	Shares	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Shares	Weighted Average Exercise Price
$0.00-15.00	243,800	3.5	$12.00	243,800	$12.00
15.00-25.00	825,800	5.6	20.91	125,700	19.11
25.00-36.50	107,400	5.8	32.08	89,800	32.63
0.00-36.50	1,177,000	5.2	20.19	459,300	17.98

The Company applies APB Opinion No. 25 and the related interpretations in accounting for the plans. Accordingly, no compensation cost has been recognized for the Company's stock option plans. Had compensation cost for the Company's stock option plans been determined based on fair value at the grant dates for grants under the plans consistent with the methodology of SFAS No. 123 "Accounting for Stock-Based Compensation," the Company's net earnings and diluted earnings per share for fiscal years 2001, 2000 and 1999 would have been reduced to the pro forma amounts indicated as follows:

		2001	2000	1999
Net earnings (in thousands)	As reported	$ 5,274	$ 5,543	$1,972
	Pro forma	3,231	4,047	830
Diluted earnings per share	As reported	$ 1.13	$ 1.20	$ 0.43
	Pro forma	0.69	0.88	0.18

The fair value of each option is estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions used for grants in fiscal years 2001, 2000, and 1999:

	2001	2000	1999
Dividend yield	0.0%	0.0%	0.0%
Expected volatility	32.0%	24.0%	21.0%
Risk-free interest rate	4.8-6.5%	5.2-6.7%	4.4-5.7%
Expected lives	6 years	6 years	6-10 years

During fiscal 2000, the Company adopted the Team Member Stock Purchase Plan. This plan permits eligible employees to purchase up to 200,000 shares of the Company's Common Stock at 85% of market price. The Company's only expense relating to this plan is for its administration. During fiscal 2001 and 2000, 6,449 and 1,695 shares, respectively, were sold to employees under this plan. The weighted average fair value of the shares sold in fiscal 2001 and 2000 was $16.11 and $14.77, respectively.