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Income per Common Share
 12 Months Ended
Jan. 01, 2022
Earnings Per Share [Abstract]  
Income per Common Share Income per Common ShareWe calculate basic income per share by dividing net income by the weighted average number of common shares outstanding, excluding unvested restricted stock units. We calculate diluted income per share using the treasury stock method, by dividing net income by the weighted average number of common shares outstanding plus the dilutive effect of outstanding share-based awards, including restricted stock units. The following table shows the computation of basic and diluted income per share:
Fiscal Year Ended
January 1, 2022January 2, 2021
($ in thousands, except per share data)
Net income $296,133 $80,882 
Weighted average shares outstanding - basic9,615 9,422 
Dilutive effect of share-based awards261 41 
Weighted average shares outstanding - diluted9,876 9,463 
Basic income per share$30.80 $8.58 
Diluted income per share$29.99 $8.55 
For fiscal years 2021 and 2020, we excluded approximately 128,206 and 725,483 unvested share-based awards, respectively, from the diluted income per share calculation because they were either anti-dilutive or “out of the money.” Outstanding share-based awards not included in diluted loss per share consisted of restricted stock units.