EARNINGS PER SHARE

6 Months Ended

Jul. 03, 2021

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
	July 3, 2021	June 27, 2020	July 3, 2021	June 27, 2020
Numerator:
Net income	$44,384	$18,594	$82,596	$33,932
Denominator:
Weighted average number of common shares outstanding – Basic	17,590,305	17,489,642	17,574,798	17,475,819

Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	176,563	273,635	161,112	259,655

Weighted average number of common shares outstanding – Diluted	17,766,868	17,763,277	17,735,910	17,735,474

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.