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Earnings per Share
 6 Months Ended
Jul. 01, 2017
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

Basic and diluted earnings per share (EPS) are calculated as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
July 1,
2017
 
July 2,
2016
 
July 1,
2017
 
July 2,
2016
(In thousands, except per share amounts)
 
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
 
 
 
 
Net Income
 
$
8,096

 
$
8,311

 
$
17,047

 
$
15,187

 
 
 
 
 
 
 
 
 
Basic Weighted Average Shares
 
11,001

 
10,870

 
10,976

 
10,831

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan Shares
 
295

 
282

 
274

 
254

Diluted Weighted Average Shares
 
11,296

 
11,152

 
11,250

 
11,085

 
 
 
 
 
 
 
 
 
Basic Earnings per Share
 
$
0.74

 
$
0.76

 
$
1.55

 
$
1.40

 
 
 
 
 
 
 
 
 
Diluted Earnings per Share
 
$
0.72

 
$
0.75

 
$
1.52

 
$
1.37



Unvested restricted stock units (RSUs) equivalent to approximately 19,000 and 26,000 shares of common stock in the second quarters of 2017 and 2016, respectively, and 29,000 and 87,000 shares of common stock in the first six months of 2017 and 2016, respectively, were not included in the computation of diluted EPS 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.