XML 25 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings per Share
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

Basic and diluted earnings per share (EPS) are calculated as follows:
 
 
Three Months Ended
 
 
March 31,
2018
 
April 1,
2017
(In thousands, except per share amounts)
 
 
Amounts Attributable to Kadant:
 
 
 
 
Net Income
 
$
10,858

 
$
8,951

 
 
 
 
 
Basic Weighted Average Shares
 
11,042

 
10,952

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan Shares
 
300

 
253

Diluted Weighted Average Shares
 
11,342

 
11,205

 
 
 
 
 
Basic Earnings per Share
 
$
0.98

 
$
0.82

 
 
 
 
 
Diluted Earnings per Share
 
$
0.96

 
$
0.80



Restricted stock units (RSUs) totaling 30,000 shares in the first three months of 2018 and 39,000 shares in the first three months of 2017 of common stock 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.