Earnings Per Share

3 Months Ended

Apr. 02, 2021

EARNINGS PER SHARE

Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects potential dilution that could occur if securities to issue common stock were exercised or converted into common stock. Diluted EPS includes the dilutive effect of stock-based compensation outstanding after application of the treasury stock method.



	Three Months Ended
		April 2,		April 3,
(In thousands, except per share data)		2021		2020
Net income		$	12,048	$	8,668

Weighted average common shares outstanding		11,648		11,545
Add: Dilutive impact of stock options		43		41
Add: Dilutive impact of restricted stock units		136		159
Diluted weighted average common shares outstanding		11,827		11,745

Earnings per share
Basic		$	1.03	$	0.75
Diluted		$	1.02	$	0.74

The following table provides a summary of securities that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented:


	Three Months Ended
		April 2,	April 3,
(In thousands)		2021	2020
Anti-dilutive stock options		—	—
Anti-dilutive restricted stock units		1	1
Total		1	1