Earnings Per Share (EPS)

9 Months Ended

Sep. 26, 2025

The following table sets forth the computation of basic and diluted EPS:


	Third Quarter Ended				Nine Months Ended
	September 26,		September 27,		September 26,		September 27,
(Thousands, except per share amounts)	2025		2024		2025		2024
Numerator for basic and diluted EPS:
Net income	$	25,412	$	22,294	$	68,250	$	54,739
Denominator:
Denominator for basic EPS:
Weighted-average shares outstanding	20,731		20,749		20,763		20,723
Effect of dilutive securities:
Stock appreciation rights	49		75		40		83
Restricted stock units	52		44		45		61
Performance-based restricted stock units	51		52		45		68
Diluted potential common shares	152		171		130		212
Denominator for diluted EPS:
Adjusted weighted-average shares outstanding	20,883		20,920		20,893		20,935
Basic EPS	$	1.23	$	1.07	$	3.29	$	2.64
Diluted EPS	$	1.22	$	1.07	$	3.27	$	2.61

Adjusted weighted-average shares outstanding - diluted exclude securities totaling 158,282 and 148,038 for the quarters ended September 26, 2025 and September 27, 2024, respectively, and 149,694 and 110,555 for the nine months ended September 26, 2025 and September 27, 2024, respectively. These securities are primarily related to restricted stock units (RSUs) and stock appreciation rights (SARs) with fair market values and exercise prices greater than the average market price of the Company's common shares and were excluded from the dilution calculation as the effect would have been anti-dilutive.