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Earnings per Share
 12 Months Ended
Jan. 03, 2015
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)
 
2014
 
2013
 
2012
Amounts Attributable to Kadant:
 
 
 
 
 
 
Income from Continuing Operations
 
$
28,682

 
$
23,481

 
$
30,880

(Loss) Income from Discontinued Operation
 
(23
)
 
(62
)
 
743

Net Income
 
$
28,659

 
$
23,419

 
$
31,623

Basic Weighted Average Shares
 
10,988

 
11,153

 
11,456

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan
 
222

 
187

 
134

Diluted Weighted Average Shares
 
11,210

 
11,340

 
11,590

Basic Earnings per Share:
 
 

 
 

 
 

Continuing Operations
 
$
2.61

 
$
2.11

 
$
2.70

Discontinued Operation
 
$
—

 
$
(0.01
)
 
$
0.06

Net Income per Basic Share
 
$
2.61

 
$
2.10

 
$
2.76

Diluted Earnings per Share:
 
 

 
 

 
 

Continuing Operations
 
$
2.56

 
$
2.07

 
$
2.66

Discontinued Operation
 
$
—

 
$
(0.01
)
 
$
0.06

Net Income per Diluted Share
 
$
2.56

 
$
2.07

 
$
2.73



Options to purchase 74,300 shares and 150,000 shares of common stock were not included in the computation of diluted earnings per share for 2013 and 2012, 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 33,000, 20,400, and 28,500 shares of common stock was not included in the computation of diluted earnings per share in 2014, 2013, and 2012, 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.