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Condensed Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Revenue (Notes 1 and 10) $ 221,649 $ 195,811 $ 448,129 $ 368,274
Costs and Operating Expenses:        
Cost of revenue 125,611 110,493 253,880 207,241
Selling, general, and administrative expenses 55,319 49,267 114,487 98,698
Research and development expenses 3,251 3,041 6,329 5,898
Gain on sale and other expense, net (Note 2) 0 0 (20,008) 0
Total Costs and Operating Expenses 184,181 162,801 354,688 311,837
Operating Income 37,468 33,010 93,441 56,437
Interest Income 277 56 379 121
Interest Expense (1,366) (1,066) (2,600) (2,177)
Other Expense, Net (19) (24) (41) (48)
Income Before Provision for Income Taxes 36,360 31,976 91,179 54,333
Provision for Income Taxes (Note 4) 9,951 8,949 23,329 14,510
Net Income 26,409 23,027 67,850 39,823
Net Income Attributable to Noncontrolling Interest (239) (163) (488) (398)
Net Income Attributable to Kadant $ 26,170 $ 22,864 $ 67,362 $ 39,425
Earnings per Share Attributable to Kadant (Note 3)        
Basic (in dollars per share) $ 2.24 $ 1.97 $ 5.78 $ 3.41
Diluted (in dollars per share) $ 2.24 $ 1.96 $ 5.77 $ 3.39
Weighted Average Shares (Note 3)        
Basic (in shares) 11,660 11,579 11,645 11,566
Diluted (in shares) 11,689 11,650 11,672 11,631