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Earnings per Share
 9 Months Ended
Oct. 01, 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
 
Nine Months Ended
 
 
October 1,
2016
 
October 3,
2015
 
October 1,
2016
 
October 3,
2015
(In thousands, except per share amounts)
 
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
 
 
 
 
Income from Continuing Operations
 
$
9,154

 
$
8,647

 
$
24,341

 
$
23,948

Income (Loss) from Discontinued Operation
 
3

 
(4
)
 
3

 
56

Net Income
 
$
9,157

 
$
8,643

 
$
24,344

 
$
24,004

 
 
 
 
 
 
 
 
 
Basic Weighted Average Shares
 
10,901

 
10,861

 
10,854

 
10,900

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan
 
288

 
235

 
266

 
219

Diluted Weighted Average Shares
 
11,189

 
11,096

 
11,120

 
11,119

 
 
 
 
 
 
 
 
 
Basic Earnings per Share:
 
 

 
 

 
 

 
 

Continuing operations
 
$
0.84

 
$
0.80

 
$
2.24

 
$
2.20

Discontinued operation
 
$
—

 
$
—

 
$
—

 
$
0.01

Net income per basic share
 
$
0.84

 
$
0.80

 
$
2.24

 
$
2.20

 
 
 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 

 
 

 
 

 
 

Continuing operations
 
$
0.82

 
$
0.78

 
$
2.19

 
$
2.15

Discontinued operation
 
$
—

 
$
—

 
$
—

 
$
0.01

Net income per diluted share
 
$
0.82

 
$
0.78

 
$
2.19

 
$
2.16



Unvested restricted stock units (RSUs) equivalent to approximately 5,000 shares of common stock for the third quarter of 2015, and approximately 49,000 and 31,000 shares of common stock for the first nine 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.