XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Revenue (Notes 1 and 9) $ 195,811 $ 152,860 $ 368,274 $ 311,987
Costs and Operating Expenses:        
Cost of revenue 110,493 86,412 207,241 177,216
Selling, general, and administrative expenses 49,267 45,073 98,698 90,665
Research and development expenses 3,041 2,798 5,898 5,874
Restructuring costs 0 456 0 456
Total Costs and Operating Expenses 162,801 134,739 311,837 274,211
Operating Income 33,010 18,121 56,437 37,776
Interest Income 56 37 121 88
Interest Expense (1,066) (1,931) (2,177) (4,390)
Other Expense, Net (24) (31) (48) (63)
Income Before Provision for Income Taxes 31,976 16,196 54,333 33,411
Provision for Income Taxes (Note 3) 8,949 4,474 14,510 9,033
Net Income 23,027 11,722 39,823 24,378
Net Income Attributable to Noncontrolling Interest (163) (115) (398) (240)
Net Income Attributable to Kadant $ 22,864 $ 11,607 $ 39,425 $ 24,138
Earnings per Share Attributable to Kadant (Note 2)        
Basic (in dollars per share) $ 1.97 $ 1.01 $ 3.41 $ 2.11
Diluted (in dollars per share) $ 1.96 $ 1.00 $ 3.39 $ 2.09
Weighted Average Shares (Note 2)        
Basic (in shares) 11,579 11,482 11,566 11,457
Diluted (in shares) 11,650 11,552 11,631 11,530