Earnings per Share

12 Months Ended

Dec. 29, 2012

Earnings per Share [Abstract]

Earnings per Share

13. Earnings per Share

Basic and diluted earnings per share were calculated as follows:

(In thousands, except per share amounts)	2012		2011			2010
Amounts Attributable to Kadant:
Income from Continuing Operations	$	30,880	$	33,584		$	18,409
Income (Loss) from Discontinued Operation		743		(9	)		98
Net Income	$	31,623	$	33,575		$	18,507
Basic Weighted Average Shares		11,456		12,124			12,339
Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan		134		137			127
Diluted Weighted Average Shares		11,590		12,261			12,466
Basic Earnings per Share:
Continuing Operations	$	2.70	$	2.77		$	1.49
Discontinued Operation	$	0.06	$	–		$	0.01
Net Income per Basic Share	$	2.76	$	2.77		$	1.50
Diluted Earnings per Share:
Continuing Operations	$	2.66	$	2.74		$	1.48
Discontinued Operation	$	0.06	$	–		$	–
Net Income per Diluted Share	$	2.73	$	2.74		$	1.48

Options to purchase 150,000 shares, 67,500 shares, and 99,300 shares of common stock were not included in the computation of diluted earnings per share for 2012, 2011, and 2010, respectively, because the options' exercise prices were greater than the average market price for the common stock and the effect would have been antidilutive. In addition, the dilutive effect of restricted stock units totaling 28,500, 45,700, and 22,100 shares of common stock was not included in the computation of diluted earnings per share in 2012, 2011, and 2010, respectively, as the effect would have been antidilutive or, for unvested performance-based restricted stock units, the performance conditions had not been met as of the end of the reporting periods during the year.