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Earnings per Common Share (Tables)
9 Months Ended
Sep. 29, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (amounts in thousands, except per share data):

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 29,

 

 

September 30,

 

 

September 29,

 

 

September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerators:

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income

$

21,223

 

 

$

22,490

 

 

$

60,367

 

 

$

58,789

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

35,856

 

 

 

35,729

 

 

 

35,839

 

 

 

35,625

 

Dilutive potential common shares

 

185

 

 

 

199

 

 

 

185

 

 

 

256

 

Weighted average common shares outstanding— diluted

 

36,041

 

 

 

35,928

 

 

 

36,024

 

 

 

35,881

 

Antidilutive potential common shares excluded from above

 

49

 

 

 

73

 

 

 

101

 

 

 

104

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.59

 

 

$

0.63

 

 

$

1.68

 

 

$

1.65

 

Diluted

$

0.59

 

 

$

0.63

 

 

$

1.68

 

 

$

1.64