NET INCOME PER COMMON SHARE

9 Months Ended

Sep. 27, 2020

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

8. NET INCOME PER COMMON SHARE

Net income per common share calculated for the third quarter and nine months of 2020 and 2019 is as follows:

	Third Quarter Ended				Nine Months Ended
(thousands except per share data)	September 27, 2020		September 29, 2019		September 27, 2020		September 29, 2019
Net income for basic and diluted per share calculation	$	37,336	$	21,317	$	59,237	$	69,582
Weighted average common shares outstanding - basic	22,674		23,076		22,784		23,073
Effect of potentially dilutive securities	398		197		304		206
Weighted average common shares outstanding - diluted	23,072		23,273		23,088		23,279
Basic net income per common share	$	1.65	$	0.92	$	2.60	$	3.02
Diluted net income per common share	$	1.62	$	0.92	$	2.57	$	2.99

An immaterial amount of securities was not included in the computation of diluted income per share as they are considered anti-dilutive under the treasury stock method.