Earnings per Share

3 Months Ended

Apr. 01, 2023

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 1, 2023		April 2, 2022
(In thousands, except per share amounts)
Net Income Attributable to Kadant	$	28,075	$	41,192
Basic Weighted Average Shares	11,681		11,630
Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan Shares	13		25
Diluted Weighted Average Shares	11,694		11,655
Basic Earnings per Share	$	2.40	$	3.54
Diluted Earnings per Share	$	2.40	$	3.53

The effect of outstanding and unvested restricted stock units (RSUs) of the Company's common stock totaling 38,000 shares in the first quarter of 2023 and 17,000 shares in the first quarter of 2022 were 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.