XML 36 R21.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings per Share
 12 Months Ended
Jan. 02, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per Share

Basic and diluted earnings per share were calculated as follows:
(In thousands, except per share amounts)
 
2015
 
2014
 
2013
Amounts Attributable to Kadant:
 
 
 
 
 
 
Income from Continuing Operations
 
$
34,315

 
$
28,682

 
$
23,481

Income (Loss) from Discontinued Operation
 
74

 
(23
)
 
(62
)
Net Income
 
$
34,389

 
$
28,659

 
$
23,419

Basic Weighted Average Shares
 
10,867

 
10,988

 
11,153

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan
 
227

 
222

 
187

Diluted Weighted Average Shares
 
11,094

 
11,210

 
11,340

Basic Earnings per Share:
 
 

 
 

 
 

Continuing Operations
 
$
3.16

 
$
2.61

 
$
2.11

Discontinued Operation
 
$
0.01

 
$
—

 
$
(0.01
)
Net Income per Basic Share
 
$
3.16

 
$
2.61

 
$
2.10

Diluted Earnings per Share:
 
 

 
 

 
 

Continuing Operations
 
$
3.09

 
$
2.56

 
$
2.07

Discontinued Operation
 
$
0.01

 
$
—

 
$
(0.01
)
Net Income per Diluted Share
 
$
3.10

 
$
2.56

 
$
2.07



Options to purchase 74,300 shares of common stock were not included in the computation of diluted earnings per share for 2013 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 RSUs totaling 23,100, 33,000, and 20,400 shares of common stock was not included in the computation of diluted earnings per share in 2015, 2014, and 2013, respectively, as the effect would have been antidilutive or, for unvested performance-based RSUs, the performance conditions had not been met as of the end of the reporting periods during the year.