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EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 8 - 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 
   March 31, 2018   April 1, 2017 
Numerator:        
Net income  $14,264   $22,224 
Denominator:          
Weighted average number of common shares outstanding – Basic   17,432,829    18,219,557 
           
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans   203,226    168,554 
           
Weighted average number of common shares outstanding – Diluted   17,636,055    18,388,111 

 

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.