EARNINGS PER SHARE

6 Months Ended

Jun. 27, 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		Six Months Ended
	June 27, 2020	June 29, 2019	June 27, 2020	June 29, 2019
Numerator:
Net income	$18,594	$6,233	$33,932	$19,266
Denominator:
Weighted average number of common shares outstanding – Basic	17,489,642	17,474,221	17,475,819	17,466,210

Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	273,635	196,220	259,655	170,986

Weighted average number of common shares outstanding – Diluted	17,763,277	17,670,441	17,735,474	17,637,196

Index

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.