EARNINGS PER SHARE

3 Months Ended

Apr. 02, 2022

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
	April 2, 2022	April 3, 2021
Numerator:
Net income	$30,232	$38,192
Denominator:
Weighted average number of common shares outstanding – Basic	17,610,202	17,559,624
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	196,255	158,857
Weighted average number of common shares outstanding – Diluted	17,806,457	17,718,481

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.