EARNINGS PER COMMON SHARE 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.
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