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Earnings per Share
 9 Months Ended
Sep. 30, 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
 
Nine Months Ended
 
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
(In thousands, except per share amounts)
 
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
 
 
 
 
Income from Continuing Operations
 
$
13,285

 
$
9,154

 
$
30,332

 
$
24,341

Income from Discontinued Operation
 
—

 
3

 
—

 
3

Net Income
 
$
13,285

 
$
9,157

 
$
30,332

 
$
24,344

 
 
 
 
 
 
 
 
 
Basic Weighted Average Shares
 
11,004

 
10,901

 
10,986

 
10,854

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan Shares
 
340

 
288

 
296

 
266

Diluted Weighted Average Shares
 
11,344

 
11,189

 
11,282

 
11,120

 
 
 
 
 
 
 
 
 
Basic Earnings per Share
 
$
1.21

 
$
0.84

 
$
2.76

 
$
2.24

 
 
 
 
 
 
 
 
 
Diluted Earnings per Share
 
$
1.17

 
$
0.82

 
$
2.69

 
$
2.19



Unvested restricted stock units (RSUs) equivalent to approximately 4,000 and 13,000 shares of common stock in the third quarter of 2017 and 2016, respectively, and 21,000 and 62,000 shares of common stock in the first nine 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.