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Earnings per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share Basic and diluted earnings per share (EPS) were calculated as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
(In thousands, except per share amounts) |  |  |  |
Net Income Attributable to Kadant |  | $ | 30,864 |  |  | $ | 27,487 |  |  | $ | 88,673 |  |  | $ | 94,849 |
Basic Weighted Average Shares |  | 11,706 |  |  | 11,662 |  |  | 11,697 |  |  | 11,651 |
Effect of Restricted Stock Units and Employee Stock Purchase Plan Shares |  | 34 |  |  | 38 |  |  | 22 |  |  | 30 |
Diluted Weighted Average Shares |  | 11,740 |  |  | 11,700 |  |  | 11,719 |  |  | 11,681 |
Basic Earnings per Share |  | $ | 2.64 |  |  | $ | 2.36 |  |  | $ | 7.58 |  |  | $ | 8.14 |
Diluted Earnings per Share |  | $ | 2.63 |  |  | $ | 2.35 |  |  | $ | 7.57 |  |  | $ | 8.12 |
The effect of outstanding and unvested restricted stock units (RSUs) of the Company's common stock totaling 5,000 shares in the third quarter of 2023, 4,000 shares in the third quarter of 2022, 23,000 shares in the first nine months of 2023 and 10,000 shares in the first nine months of 2022 were 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 respective reporting periods.

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