Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Oct. 01, 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

 

 

Nine Months Ended

 

 

 

October 1, 2022

 

 

October 2, 2021

 

 

October 1, 2022

 

 

October 2, 2021

 

Net income

 

$

20,378

 

 

$

27,760

 

 

$

80,892

 

 

$

81,042

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

32,541

 

 

 

32,385

 

 

 

32,493

 

 

 

32,272

 

Net effect of dilutive securities - Stock based compensation

 

 

44

 

 

 

154

 

 

 

104

 

 

 

165

 

Weighted average shares outstanding - Diluted

 

 

32,585

 

 

 

32,539

 

 

 

32,597

 

 

 

32,437

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.63

 

 

$

0.86

 

 

$

2.49

 

 

$

2.51

 

Diluted

 

$

0.63

 

 

$

0.85

 

 

$

2.48

 

 

$

2.50