Earnings per Common Share (Tables)

3 Months Ended

Apr. 03, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (amounts in thousands, except per share data):

	Three Months Ended
	April 3,		March 29,
	2020(1)		2019(2)
Numerators:
Consolidated net income	$	11,947	$	12,253
Denominators:
Weighted average common shares outstanding— basic		35,152		34,958
Dilutive potential common shares		409		516
Weighted average common shares outstanding— diluted		35,561		35,474
Antidilutive potential common shares excluded from above		52		58
Earnings per Common Share:
Basic	$	0.34	$	0.35
Diluted	$	0.34	$	0.35

(1) 71,166 non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213,219 shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of April 3, 2020.

(2) 45,252 non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213,219 shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of March 29, 2019.