Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jul. 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

 

 

Six Months Ended

 

 

 

July 2, 2022

 

 

July 3, 2021

 

 

July 2, 2022

 

 

July 3, 2021

 

Net income

 

$

30,036

 

 

$

30,694

 

 

$

60,514

 

 

$

53,282

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

32,497

 

 

 

32,237

 

 

 

32,468

 

 

 

32,215

 

Net effect of dilutive securities - Stock based compensation

 

 

44

 

 

 

125

 

 

 

98

 

 

 

155

 

Weighted average shares outstanding - Diluted

 

 

32,541

 

 

 

32,362

 

 

 

32,566

 

 

 

32,370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.92

 

 

$

0.95

 

 

$

1.86

 

 

$

1.65

 

Diluted

 

$

0.92

 

 

$

0.95

 

 

$

1.86

 

 

$

1.65