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EARNINGS PER SHARE

3 Months Ended

Mar. 28, 2020

NOTE 9 — 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 28, 2020	March 30, 2019
Numerator:
Net income	$15,338	$13,033
Denominator:
Weighted average number of common shares outstanding – Basic	17,461,524	17,458,020

Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	257,894	263,718

Weighted average number of common shares outstanding – Diluted	17,719,418	17,721,738

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.