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Earnings per Share
 9 Months Ended
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.