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Earnings per Share
 9 Months Ended
Sep. 28, 2019
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 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
(In thousands, except per share amounts)
 
 
 
 
Amounts Attributable to Kadant:
 
 
 
 
 
 
 
 
Net Income
 
$
16,115

 
$
18,784

 
$
43,319

 
$
41,991

 
 
 
 
 
 
 
 
 
Basic Weighted Average Shares
 
11,267

 
11,101

 
11,198

 
11,078

Effect of Stock Options, Restricted Stock Units and Employee Stock Purchase Plan Shares
 
202

 
320

 
236

 
310

Diluted Weighted Average Shares
 
11,469

 
11,421

 
11,434

 
11,388

 
 
 
 
 
 
 
 
 
Basic Earnings per Share
 
$
1.43

 
$
1.69

 
$
3.87

 
$
3.79

 
 
 
 
 
 
 
 
 
Diluted Earnings per Share
 
$
1.41

 
$
1.64

 
$
3.79

 
$
3.69



The dilutive effect of the outstanding and unvested restricted stock units (RSUs) of the Company's common stock totaling 8,000 shares in the third quarter of 2019, 11,000 in the third quarter of 2018, 32,000 in the first nine months of 2019 and 25,000 in the first nine months of 2018 was not included in the computation of diluted EPS for the respective periods 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.