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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 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   Nine Months Ended 
   September 30,
2017
   October 1,
2016
   September 30,
2017
   October 1,
2016
 
Numerator:                
Net income  $9,370   $19,850   $41,793   $66,642 
Denominator:                    
Weighted average number of common shares outstanding – Basic   17,590,341    18,971,854    17,826,137    18,961,146 
                     
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans   222,232    232,321    192,038    204,731 
                     
Weighted average number of common shares outstanding – Diluted   17,812,573    19,204,175    18,018,175    19,165,877 

 

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.