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Earnings per Share
 9 Months Ended
Oct. 03, 2015
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

Basic and diluted earnings per share are calculated as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
October 3,
2015
 
September 27,
2014
 
October 3,
2015
 
September 27,
2014
(In thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
 
 
 
 
Income from Continuing Operations
 
$
8,647

 
$
6,651

 
$
23,948

 
$
19,576

(Loss) Income from Discontinued Operation
 
(4
)
 
(4
)
 
56

 
(18
)
Net Income
 
$
8,643

 
$
6,647

 
$
24,004

 
$
19,558

 
 
 
 
 
 
 
 
 
Basic Weighted Average Shares
 
10,861

 
10,898

 
10,900

 
11,026

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan
 
235

 
235

 
219

 
205

Diluted Weighted Average Shares
 
11,096

 
11,133

 
11,119

 
11,231

 
 
 
 
 
 
 
 
 
Basic Earnings per Share:
 
 

 
 

 
 

 
 

Continuing Operations
 
$
0.80

 
$
0.61

 
$
2.20

 
$
1.78

Discontinued Operation
 
$
—

 
$
—

 
$
0.01

 
$
—

Net Income per Basic Share
 
$
0.80

 
$
0.61

 
$
2.20

 
$
1.77

 
 
 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 

 
 

 
 

 
 

Continuing Operations
 
$
0.78

 
$
0.60

 
$
2.15

 
$
1.74

Discontinued Operation
 
$
—

 
$
—

 
$
0.01

 
$
—

Net Income per Diluted Share
 
$
0.78

 
$
0.60

 
$
2.16

 
$
1.74



Unvested restricted stock units equivalent to approximately 5,000 and 6,000 shares of common stock for the third quarters of 2015 and 2014, respectively, and approximately 31,000 and 44,000 shares of common stock for the first nine months



of 2015 and 2014, 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.