Earnings per Common Share (Tables)

9 Months Ended

Oct. 02, 2020

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				Nine Months Ended
	October 2,		September 27,		October 2,		September 27,
	2020⁽¹⁾		2019⁽²⁾		2020⁽¹⁾		2019⁽²⁾
Numerators:
Consolidated net income	$	8,258	$	8,923	$	31,865	$	31,556

Denominators:
Weighted average common shares outstanding— basic		35,142		35,074		35,144		35,012
Dilutive potential common shares		546		511		465		511
Weighted average common shares outstanding— diluted		35,688		35,585		35,609		35,523
Antidilutive potential common shares excluded from above		—		35		17		43

Earnings per Common Share:
Basic	$	0.23	$	0.25	$	0.91	$	0.90
Diluted	$	0.23	$	0.25	$	0.89	$	0.89

⁽¹⁾

73 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand 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 October 2, 2020.

⁽²⁾

47 thousand non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 thousand 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 September 27, 2019.