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Earnings per Share | 12 Months Ended
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Dec. 28, 2013
Earnings per Share [Abstract] |
Earnings per Share |
13. | Earnings per Share
Basic and diluted earnings per share were calculated as follows:
(In thousands, except per share amounts) |  | 2013 |  |  | 2012 |  |  | 2011 |
Amounts Attributable to Kadant: |  |  |  |  |  |  |  |  |
Income from Continuing Operations |  | $ | 23,481 |  |  | $ | 30,880 |  |  | $ | 33,584 |
(Loss) Income from Discontinued Operation |  |  | (62 | ) |  |  | 743 |  |  |  | (9 | )
Net Income |  | $ | 23,419 |  |  | $ | 31,623 |  |  | $ | 33,575 |
Basic Weighted Average Shares |  |  | 11,153 |  |  |  | 11,456 |  |  |  | 12,124 |
Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan |  |  | 187 |  |  |  | 134 |  |  |  | 137 |
Diluted Weighted Average Shares |  |  | 11,340 |  |  |  | 11,590 |  |  |  | 12,261 |
Basic Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing Operations |  | $ | 2.11 |  |  | $ | 2.70 |  |  | $ | 2.77 |
Discontinued Operation |  | $ | (0.01 | ) |  | $ | 0.06 |  |  | $ | – |
Net Income per Basic Share |  | $ | 2.10 |  |  | $ | 2.76 |  |  | $ | 2.77 |
Diluted Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing Operations |  | $ | 2.07 |  |  | $ | 2.66 |  |  | $ | 2.74 |
Discontinued Operation |  | $ | (0.01 | ) |  | $ | 0.06 |  |  | $ | – |
Net Income per Diluted Share |  | $ | 2.07 |  |  | $ | 2.73 |  |  | $ | 2.74 |
Options to purchase 74,300 shares, 150,000 shares, and 67,500 shares of common stock were not included in the computation of diluted earnings per share for 2013, 2012, and 2011, respectively, because the options' exercise prices were greater than the average market price for the common stock and the effect would have been antidilutive. In addition, the dilutive effect of restricted stock units totaling 20,400, 28,500, and 45,700 shares of common stock was not included in the computation of diluted earnings per share in 2013, 2012, and 2011, respectively, as the effect would have been antidilutive or, for unvested performance-based restricted stock units, the performance conditions had not been met as of the end of the reporting periods during the year.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 + Details
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