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Earnings per Share | 9 Months Ended
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Sep. 27, 2014
Earnings Per Share [Abstract] |
Earnings per Share | 4. Earnings per Share Basic and diluted earnings per share are calculated as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | September 27, 2014 |  | September 28, 2013 |  | September 27, 2014 |  | September 28, 2013
(In thousands, except per share amounts) |  |  |  |
Amounts Attributable to Kadant: |  |  |  |  |  |  |  |
Income from Continuing Operations |  | $ | 6,651 |  |  | $ | 6,461 |  |  | $ | 19,576 |  |  | $ | 17,546 |
Loss from Discontinued Operation |  | (4 | ) |  | (14 | ) |  | (18 | ) |  | (55 | )
Net Income |  | $ | 6,647 |  |  | $ | 6,447 |  |  | $ | 19,558 |  |  | $ | 17,491 |
Basic Weighted Average Shares |  | 10,898 |  |  | 11,153 |  |  | 11,026 |  |  | 11,165 |
Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan |  | 235 |  |  | 212 |  |  | 205 |  |  | 156 |
Diluted Weighted Average Shares |  | 11,133 |  |  | 11,365 |  |  | 11,231 |  |  | 11,321 |
Basic Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing Operations |  | $ | 0.61 |  |  | $ | 0.58 |  |  | $ | 1.78 |  |  | $ | 1.57 |
Discontinued Operation |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net Income per Basic Share |  | $ | 0.61 |  |  | $ | 0.58 |  |  | $ | 1.77 |  |  | $ | 1.57 |
Diluted Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing Operations |  | $ | 0.60 |  |  | $ | 0.57 |  |  | $ | 1.74 |  |  | $ | 1.55 |
Discontinued Operation |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net Income per Diluted Share |  | $ | 0.60 |  |  | $ | 0.57 |  |  | $ | 1.74 |  |  | $ | 1.55 |
Options to purchase approximately 93,000 and 99,000 shares of the Company's common stock in the third quarter and first nine months of 2013, respectively, were not included in the computation of diluted earnings per share as the effect of their inclusion would have been anti-dilutive. Unvested restricted stock units equivalent to approximately 6,000 shares of common stock in the third quarter of 2014 and 44,000 and 27,000 shares of common stock for the first nine months of 2014 and 2013, respectively, were not included in the computation of diluted earnings per share because either the effect of their inclusion would have been anti-dilutive, or for unvested performance-based restricted stock units, the performance conditions had not been met as of the end of the reporting period.

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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 Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: 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 4: 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=32703322&loc=d3e4984-109258 Reference 5: 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=26872669&loc=d3e20235-122688 + Details
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