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EARNINGS PER SHARE
3 Months Ended
Apr. 01, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 7 - EARNINGS PER SHARE

Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for the periods indicated:

 

   Three Months Ended 
   April 1, 2017   April 2, 2016 
Numerator:        
Net income  $22,224   $23,278 
Denominator:          
Weighted average number of common shares outstanding – Basic   18,219,557    18,943,427 
           
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans   168,554    225,150 
           
Weighted average number of common shares outstanding – Diluted   18,388,111    19,168,577 

 

The dilutive effect of outstanding options and restricted stock units is calculated using the treasury stock method. There were no stock options that were anti-dilutive and therefore not included in the diluted earnings per share calculation.