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Earnings Per Common Share (Tables)
 3 Months Ended
Apr. 01, 2017
Earnings Per Share [Abstract]  
Earnings Per Common Share

The table below details the computation of our basic and diluted EPS:

 

     1st Quarter      1st Quarter  
   2017      2016  

Numerator:

      

Net income

    $ 28,208      $ 16,564  

Less: Distributed earnings allocated to nonvested awards

      (208 )       —    

Less: Undistributed earnings allocated to nonvested awards

      (242 )       —    
  

 

 

     

 

 

  

Numerator for basic and diluted earnings per share

    $ 27,758      $ 16,564  
  

 

 

     

 

 

  

Denominator:

      

Average shares outstanding – Basic

      78,126        66,025  

Potential effect of nonvested restricted stock awards

      —          856  

Potential effect of nonvested stock options

      47        —    
  

 

 

     

 

 

  

Average shares outstanding – Diluted

      78,173        66,881  
  

 

 

     

 

 

  

Net income per common share—Basic

    $ 0.36      $ 0.25  

Net income per common share—Diluted

    $ 0.36      $ 0.25  

Dividend per share

    $ 0.16      $ —    

Antidilutive awards excluded from the computation of diluted EPS (incremental shares):

      

Restricted stock

      305        —    

RSUs

      227        —