EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 29, 2024

Earnings per common share calculated for the third quarter and first nine months of 2024 and 2023 is as follows:


	Third Quarter Ended				Nine Months Ended
($ in thousands, except per share data)	September 29, 2024		October 1, 2023		September 29, 2024		October 1, 2023
Numerator:
Earnings for basic earnings per common share calculation	$	40,866	$	39,550	$	123,843	$	112,080
Effect of interest on potentially dilutive convertible notes, net of tax	—		—		—		162
Earnings for diluted earnings per common share calculation	$	40,866	$	39,550	$	123,843	$	112,242
Denominator:
Weighted average common shares outstanding - basic	21,740		21,511		21,706		21,541
Weighted average impact of potentially dilutive convertible notes	554		—		340		221
Weighted average impact of potentially dilutive warrants	117		—		39		—
Weighted average impact of potentially dilutive securities	230		373		212		301
Weighted average common shares outstanding - diluted	22,641		21,884		22,297		22,063
Earnings per common share:
Basic earnings per common share	$	1.88	$	1.84	$	5.71	$	5.20
Diluted earnings per common share	$	1.80	$	1.81	$	5.55	$	5.09

An immaterial amount of securities were not included in the computation of diluted earnings per common share as they are considered anti-dilutive for the periods presented.