Earnings per Common Share (Tables)

6 Months Ended

Jul. 03, 2020

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				Six Months Ended
	July 3,		June 28,		July 3,		June 28,
	2020⁽¹⁾		2019⁽²⁾		2020⁽¹⁾		2019⁽²⁾
Numerators:
Consolidated net income	$	11,660	$	10,380	$	23,607	$	22,633

Denominators:
Weighted average common shares outstanding— basic		35,137		34,998		35,145		34,981
Dilutive potential common shares		442		505		425		510
Weighted average common shares outstanding— diluted		35,579		35,503		35,570		35,491
Antidilutive potential common shares excluded from above		—		36		26		47

Earnings per Common Share:
Basic	$	0.33	$	0.30	$	0.67	$	0.65
Diluted	$	0.33	$	0.29	$	0.66	$	0.64

⁽¹⁾

71 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of July 3, 2020.

⁽²⁾

45 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of June 28, 2019.