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Earnings Per Share (Tables)
12 Months Ended
Jan. 01, 2023
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:

 

 

Fiscal Year Ended

 

 

 

January 1,
2023

 

 

January 2,
2022

 

 

January 3,
2021

 

 

 

(In thousands, except per share data)

 

Net income

 

$

26,134

 

 

$

102,386

 

 

$

55,940

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

 

21,634

 

 

 

21,670

 

 

 

21,260

 

Dilutive effect of common stock equivalents arising
   from share option, nonvested share and nonvested
   share unit awards

 

 

455

 

 

 

842

 

 

 

403

 

Diluted

 

 

22,089

 

 

 

22,512

 

 

 

21,663

 

Basic earnings per share

 

$

1.21

 

 

$

4.73

 

 

$

2.63

 

Diluted earnings per share

 

$

1.18

 

 

$

4.55

 

 

$

2.58

 

Antidilutive share option awards excluded
   from diluted calculation

 

 

16

 

 

 

2

 

 

 

494

 

Antidilutive nonvested share and nonvested share unit
   awards excluded from diluted calculation

 

 

185

 

 

 

 

 

 

46