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v3.19.3.a.u2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 28, 2019
Accounting Policies [Abstract] |
Schedule of Useful Lives of Assets | Property, plant and equipment is stated at cost. Expenditures for repairs and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Repairs and maintenance are expensed as incurred. Depreciation is computed using the straight-line method over the following useful lives:
|  | Years
Machinery and equipment |  | 2 - 14
Office furniture and equipment |  | 2 - 14
Buildings |  | 25 - 40
Building and land improvements |  | 7 - 40
Computation of basic and diluted earnings per common share | The following table presents the computation of basic and diluted earnings per common share (in thousands except per share data):
|  | December 28, 2019 |  |  | December 29, 2018 |  |  | December 30, 2017 |
Net income |  | $ | 60,268 |  |  | $ | 46,730 |  |  | $ | 31,558 |
Basic and diluted weighted average shares outstanding |  |  | 32,015 |  |  |  | 31,309 |  |  |  | 27,031 |
Basic and diluted net income per common share |  | $ | 1.88 |  |  | $ | 1.49 |  |  | $ | 1.17 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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