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Earnings per Share
 6 Months Ended
Jul. 04, 2015
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

Basic and diluted earnings per share are calculated as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
July 4,
2015
 
June 28,
2014
 
July 4,
2015
 
June 28,
2014
(In thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
 
 
 
 
Income from Continuing Operations
 
$
8,469

 
$
7,867

 
$
15,301

 
$
12,925

(Loss) Income from Discontinued Operation
 
(5
)
 
(9
)
 
60

 
(14
)
Net Income
 
$
8,464

 
$
7,858

 
$
15,361

 
$
12,911

 
 
 
 
 
 
 
 
 
Basic Weighted Average Shares
 
10,948

 
11,049

 
10,920

 
11,091

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan
 
225

 
197

 
210

 
189

Diluted Weighted Average Shares
 
11,173

 
11,246

 
11,130

 
11,280

 
 
 
 
 
 
 
 
 
Basic Earnings per Share:
 
 

 
 

 
 

 
 

Continuing Operations
 
$
0.77

 
$
0.71

 
$
1.40

 
$
1.17

Discontinued Operation
 
$
—

 
$
—

 
$
0.01

 
$
—

Net Income per Basic Share
 
$
0.77

 
$
0.71

 
$
1.41

 
$
1.16

 
 
 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 

 
 

 
 

 
 

Continuing Operations
 
$
0.76

 
$
0.70

 
$
1.37

 
$
1.15

Discontinued Operation
 
$
—

 
$
—

 
$
0.01

 
$
—

Net Income per Diluted Share
 
$
0.76

 
$
0.70

 
$
1.38

 
$
1.14



Unvested restricted stock units equivalent to approximately 41,000 and 69,000 shares of common stock for the second quarters of 2015 and 2014, respectively, and approximately 44,000 and 63,000 shares of common stock for the first six months of 2015 and 2014, respectively, were not included in the computation of diluted earnings per share because either the effect of their inclusion would have been anti-dilutive, or for unvested performance-based restricted stock units, the performance conditions had not been met as of the end of the reporting period.