Earnings per Share

3 Months Ended

Apr. 03, 2021

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 3, 2021		March 28, 2020
(In thousands, except per share amounts)
Net Income Attributable to Kadant	$	16,561	$	12,531
Basic Weighted Average Shares	11,553		11,432
Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan Shares	59		76
Diluted Weighted Average Shares	11,612		11,508
Basic Earnings per Share	$	1.43	$	1.10
Diluted Earnings per Share	$	1.43	$	1.09

The effect of outstanding and unvested restricted stock units (RSUs) of the Company's common stock totaling 44,000 shares in the first quarter of 2021 and 43,000 shares in the first quarter of 2020 was not included in the computation of diluted EPS for the respective periods as the effect would have been antidilutive or, for unvested performance-based RSUs, the performance conditions had not been met as of the end of the reporting periods.