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Earnings per Share
 6 Months Ended
Jul. 02, 2016
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

Basic and diluted earnings per share (EPS) were calculated as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
July 2,
2016
 
July 4,
2015
 
July 2,
2016
 
July 4,
2015
(In thousands, except per share amounts)
 
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
 
 
 
 
Income from Continuing Operations
 
$
8,311

 
$
8,469

 
$
15,187

 
$
15,301

(Loss) Income from Discontinued Operation
 
—

 
(5
)
 
—

 
60

Net Income
 
$
8,311

 
$
8,464

 
$
15,187

 
$
15,361

 
 
 
 
 
 
 
 
 
Basic Weighted Average Shares
 
10,870

 
10,948

 
10,831

 
10,920

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan
 
282

 
225

 
254

 
210

Diluted Weighted Average Shares
 
11,152

 
11,173

 
11,085

 
11,130

 
 
 
 
 
 
 
 
 
Basic Earnings per Share:
 
 

 
 

 
 

 
 

Continuing operations
 
$
0.76

 
$
0.77

 
$
1.40

 
$
1.40

Discontinued operation
 
$
—

 
$
—

 
$
—

 
$
0.01

Net income per basic share
 
$
0.76

 
$
0.77

 
$
1.40

 
$
1.41

 
 
 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 

 
 

 
 

 
 

Continuing operations
 
$
0.75

 
$
0.76

 
$
1.37

 
$
1.37

Discontinued operation
 
$
—

 
$
—

 
$
—

 
$
0.01

Net income per diluted share
 
$
0.75

 
$
0.76

 
$
1.37

 
$
1.38



Unvested restricted stock units (RSUs) equivalent to approximately 41,000 shares of common stock for the second quarter of 2015, and approximately 73,000 and 44,000 shares of common stock for the first six months of 2016 and 2015, respectively, were not included in the computation of diluted EPS because either the effect of their inclusion would have been anti-dilutive, or for unvested performance-based RSUs, the performance conditions had not been met as of the end of the reporting period.