Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies

v3.5.0.2
Summary of Significant Accounting Policies
 6 Months Ended
Jul. 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
Six Months Ended
 
July 2, 2016
 
June 27, 2015
July 2, 2016
 
June 27, 2015
Net income
$
6,990

 
$
9,248

$
15,198

 
$
19,625

Weighted average basic shares outstanding
26,908

 
26,684

26,857

 
26,645

Basic net income per common share
$
0.26

 
$
0.35

$
0.57

 
$
0.74

Effect of dilutive stock options
—

 
—

—

 
—

Weighted average diluted shares outstanding
26,908

 
26,684

26,857

 
26,645

Diluted net income per common share
$
0.26

 
$
0.35

$
0.57

 
$
0.74