EARNINGS PER SHARE

9 Months Ended

Sep. 26, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 9 — EARNINGS PER SHARE

Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for the periods indicated:

	Three Months Ended		Nine Months Ended
	September 26, 2020	September 28, 2019	September 26, 2020	September 28, 2019
Numerator:
Net income	$24,753	$4,817	$58,685	$24,083
Denominator:
Weighted average number of common shares outstanding – Basic	17,489,642	17,464,238	17,475,819	17,447,908
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	273,635	154,560	259,655	138,723
Weighted average number of common shares outstanding – Diluted	17,763,277	17,618,798	17,735,474	17,586,631

13

The dilutive effect of outstanding options and restricted stock units is calculated using the treasury stock method. There were no stock options that were anti-dilutive and therefore not included in the diluted earnings per share calculation.