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Earnings Per Share
 3 Months Ended
Mar. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

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 30, 2024   April 1, 2023 
Numerator:        
Net income  $7,084   $14,350 
           
Denominator:          
Weighted average number of common shares outstanding – Basic   17,434,178    17,678,686 
           
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans   206,090    109,967 
           
Weighted average number of common shares outstanding – Diluted   17,640,268    17,788,653 

 

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.