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Earnings per Common Share (Tables)
9 Months Ended
Oct. 01, 2021
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

 

 

October 1,

 

 

October 2,

 

 

October 1,

 

 

October 2,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerators:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income

$

13,603

 

 

$

8,258

 

 

$

36,577

 

 

$

31,865

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

35,447

 

 

 

35,142

 

 

 

35,366

 

 

 

35,144

 

Dilutive potential common shares

 

317

 

 

 

546

 

 

 

405

 

 

 

465

 

Weighted average common shares outstanding— diluted

 

35,764

 

 

 

35,688

 

 

 

35,771

 

 

 

35,609

 

Antidilutive potential common shares excluded from above

 

1

 

 

 

 

 

 

18

 

 

 

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.38

 

 

$

0.23

 

 

$

1.03

 

 

$

0.91

 

Diluted

$

0.38

 

 

$

0.23

 

 

$

1.02

 

 

$

0.89