Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies

v3.5.0.2
Summary of Significant Accounting Policies
 9 Months Ended
Oct. 01, 2016
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.  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

 

 

Nine Months Ended

 

 

 

October 1, 2016

 

 

September 26, 2015

 

 

October 1, 2016

 

 

September 26, 2015

 

Net income

 

$

4,989

 

 

$

8,410

 

 

$

20,186

 

 

$

28,035

 

Weighted average basic shares outstanding

 

 

26,923

 

 

 

26,695

 

 

 

26,879

 

 

 

26,662

 

Basic net income per common share

 

$

0.19

 

 

$

0.32

 

 

$

0.75

 

 

$

1.05

 

Effect of dilutive stock options

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Weighted average diluted shares outstanding

 

 

26,923

 

 

 

26,695

 

 

 

26,879

 

 

 

26,662

 

Diluted net income per common share

 

$

0.19

 

 

$

0.32

 

 

$

0.75

 

 

$

1.05