Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Apr. 02, 2022
Accounting Policies [Abstract]  
Computation of basic and diluted earnings per common share

The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data):

 

 

Three Months Ended

 

 

 

April 2, 2022

 

 

April 3, 2021

 

Net income

 

$

30,478

 

 

$

22,587

 

 

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

32,439

 

 

 

32,193

 

Net effect of dilutive securities - Stock based compensation

 

 

126

 

 

 

152

 

Weighted average shares outstanding - Diluted

 

 

32,565

 

 

 

32,345

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

Basic

 

$

0.94

 

 

$

0.70

 

Diluted

 

$

0.94

 

 

$

0.70