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Computation of Earnings Per Share
3 Months Ended
Apr. 02, 2021
Earnings Per Share Reconciliation [Abstract]  
Computation of Earnings Per Share COMPUTATION OF EARNINGS PER SHARE
The computation of basic earnings per share is based on net earnings divided by the weighted average number of shares of common stock outstanding for each period. The computation of diluted earnings per share reflects the common stock equivalency of dilutive options granted to employees under the Company's stock incentive plan, shares issuable on redemption of its convertible notes and shares issuable upon redemption of outstanding warrants.

   For the Three Months Ended
  April 2,
2021
April 3,
2020
In thousands, except per share amounts  
Earnings (loss) from continuing operations$7,984 $(407)
Total earnings from discontinued operations— 692 
Net earnings (loss)$7,984 $285 
Basic:  
Weighted average number of shares outstanding27,815 27,809 
Earnings (loss) per share from continuing operations$0.29 $(0.01)
Earnings per share from discontinued operations0.00 0.02 
Basic earnings (loss) per share$0.29 $0.01 
Diluted:  
Weighted average number of shares outstanding27,815 27,809 
Weighted average shares issuable on exercise of dilutive stock options52 82 
Total27,867 27,891 
Earnings (loss) per share from continuing operations$0.29 $(0.01)
Earnings per share from discontinued operations0.00 0.02 
Diluted earnings (loss) per share$0.29 $0.01 

Equity awards

For the three-month fiscal periods ended April 2, 2021 and April 3, 2020, respectively, 440,959 and 443,379 shares issuable under equity awards granted to employees were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the periods.

2024 Convertible Notes

For the three-month fiscal periods ended April 2, 2021 and April 3, 2020, shares issuable under the Convertible Notes due 2024 were excluded from the diluted earnings per share calculation because the conversion price was more than the average market price of the Company's stock during the periods.