XML 21 R12.htm IDEA: XBRL DOCUMENT v3.22.2
Net Income Per Share
 6 Months Ended
Jul. 01, 2022
Earnings Per Share [Abstract]  
Net Income Per Share

4.

Net Income Per Share

Basic and diluted earnings per share (EPS) for the quarter and two quarters ended July 1, 2022 and July 2, 2021 were as follows:

 

 

 

For the Quarter Ended

 

 

For the Two Quarters Ended

 

(amounts in thousands, except per-share data)

 

July 1, 2022

 

 

July 2, 2021

 

 

July 1, 2022

 

 

July 2, 2021

 

Weighted-average number of shares outstanding

   during period

 

 

14,419

 

 

 

13,845

 

 

 

14,309

 

 

 

13,770

 

Common stock equivalents from incremental shares

   under equity-based compensation plans

 

 

703

 

 

 

1,127

 

 

 

741

 

 

 

1,188

 

Number of shares on which diluted earnings

   per share is based

 

 

15,122

 

 

 

14,972

 

 

 

15,050

 

 

 

14,958

 

Net income

 

$

2,040

 

 

$

1,833

 

 

$

4,280

 

 

$

3,341

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.14

 

 

$

0.13

 

 

$

0.30

 

 

$

0.24

 

Diluted

 

$

0.13

 

 

$

0.12

 

 

$

0.28

 

 

$

0.22

 

 

Weighted-average shares represent the average number of issued shares less treasury shares, and for the basic EPS calculations, unvested restricted stock.

 

Certain options representing 0.6 million and 0.5 million shares of common stock were outstanding at July 1, 2022 and July 2, 2021, respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.