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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 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   Six Months Ended 
   June 30, 2018   July 1, 2017   June 30, 2018   July 1, 2017 
Numerator:                
Net income  $15,189   $10,199   $29,453   $32,423 
Denominator:                    
Weighted average number of common shares outstanding – Basic   17,453,404    17,668,514    17,443,174    17,944,035 
                     
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans   197,155    232,214    140,909    195,326 
                     
Weighted average number of common shares outstanding – Diluted   17,650,559    17,900,728    17,584,083    18,139,361 

 

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.