Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies

v3.4.0.3
Summary of Significant Accounting Policies
 3 Months Ended
Apr. 02, 2016
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Earnings per share
The following table represents the computation of basic and diluted earnings per common share (in thousands, except per share data):
 
 
Three Months Ended
 
April 2, 2016
 
March 28, 2015
Net income
$
8,208

 
$
10,377

Weighted average basic shares outstanding
26,804

 
26,605

Basic net income per common share
$
0.31

 
$
0.39

Effect of dilutive stock options
—

 
—

Weighted average diluted shares outstanding
26,804

 
26,605

Diluted net income per common share
$
0.31

 
$
0.39