Earnings per Share

6 Months Ended

Jun. 29, 2024

Basic and diluted earnings per share (EPS) were calculated as follows:


	Three Months Ended				Six Months Ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
(In thousands, except per share amounts)
Net Income Attributable to Kadant	$	31,291	$	29,734	$	55,980	$	57,809

Basic Weighted Average Shares	11,743		11,704		11,734		11,693
Effect of Restricted Stock Units and Employee Stock Purchase Plan Shares	23		19		21		16
Diluted Weighted Average Shares	11,766		11,723		11,755		11,709

Basic Earnings per Share	$	2.66	$	2.54	$	4.77	$	4.94

Diluted Earnings per Share	$	2.66	$	2.54	$	4.76	$	4.94

The effect of outstanding and unvested restricted stock units (RSUs) of the Company’s common stock totaling 25,000 shares in the second quarter of 2024, 26,000 shares in the second quarter of 2023, 29,000 in the first six months of 2024 and 32,000 in the first six months of 2023 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.