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Earnings Per Share
3 Months Ended
Apr. 01, 2022
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects potential dilution that could occur if securities to issue common stock were exercised or converted into common stock. Diluted EPS includes the dilutive effect of stock-based compensation outstanding after application of the treasury stock method.
Three Months Ended
April 1,April 2,
(In thousands, except per share data)20222021
Net income $2,855 $12,048 
Weighted average common shares outstanding11,759 11,648 
Add: Dilutive impact of stock options27 43 
Add: Dilutive impact of restricted stock units116 136 
Diluted weighted average common shares outstanding11,902 11,827 
Earnings per share
Basic$0.24 $1.03 
Diluted$0.24 $1.02 
The following table summarizes the weighted average of anti-dilutive securities excluded from the diluted earnings per share calculation.
Three Months Ended
April 1,April 2,
(In thousands)20222021
Anti-dilutive restricted stock units