EARNINGS PER SHARE

9 Months Ended

Oct. 02, 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		Nine Months Ended
	October 2, 2021	September 26, 2020	October 2, 2021	September 26, 2020
Numerator:
Net income	$35,202	$24,753	$117,778	$58,685
Denominator:
Weighted average number of common shares outstanding – Basic	17,596,588	17,489,642	17,582,009	17,475,819

Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	181,589	273,635	167,888	259,655

Weighted average number of common shares outstanding – Diluted	17,778,177	17,763,277	17,749,897	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.