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Earnings per Share
 3 Months Ended
Apr. 02, 2016
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

Basic and diluted earnings per share (EPS) were calculated as follows:
 
 
Three Months Ended
 
 
 
April 2,
2016
 
April 4,
2015
 
(In thousands, except per share amounts)
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
 
Income from Continuing Operations
 
$
6,876

 
$
6,832

 
Income from Discontinued Operation
 
—

 
65

 
Net Income
 
$
6,876

 
$
6,897

 
 
 
 
 
 
 
Basic Weighted Average Shares
 
10,793

 
10,892

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

 
194

 
Diluted Weighted Average Shares
 
11,018

 
11,086

 
 
 
 
 
 
 
Basic Earnings per Share:
 
 

 
 

 
Continuing Operations
 
$
0.64

 
$
0.63

 
Discontinued Operation
 
$
—

 
$
0.01

 
Net Income per Basic Share
 
$
0.64

 
$
0.63

 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 

 
 

 
Continuing Operations
 
$
0.62

 
$
0.62

 
Discontinued Operation
 
$
—

 
$
0.01

 
Net Income per Diluted Share
 
$
0.62

 
$
0.62

 


Unvested restricted stock units (RSUs) equivalent to approximately 147,000 and 46,000 shares of common stock for the first quarters of 2016 and 2015, respectively, were not included in the computation of diluted EPS because either the effect of their inclusion would have been anti-dilutive, or for unvested performance-based RSUs, the performance conditions had not been met as of the end of the reporting period.