EARNINGS PER SHARE

6 Months Ended

Jul. 02, 2022

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 2, 2022	July 3, 2021	July 2, 2022	July 3, 2021
Numerator:
Net income	$20,757	$44,384	$50,989	$82,576
Denominator:
Weighted average number of common shares outstanding – Basic	17,652,148	17,590,305	17,631,060	17,574,798

Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans	147,559	176,563	131,705	161,112

Weighted average number of common shares outstanding – Diluted	17,799,707	17,766,868	17,762,765	17,735,910

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.