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EARNINGS PER SHARE
9 Months Ended
Sep. 29, 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 Nine Months Ended
  September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017
Numerator:        
Net income $9,206 $9,370 $38,659 $41,793
Denominator:        
Weighted average number of common shares outstanding – Basic

 

17,458,020

 

17,590,341

 

17,448,141

 

17,826,137

         
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans

 

 

 

261,263

 

 

 

222,232

 

 

 

209,126

 

 

 

192,038

         
Weighted average number of common shares outstanding – Diluted

 

17,719,283

 

17,812,573

 

17,657,267

 

18,018,175

 

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.