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Net Income Per Common Share (Tables)
6 Months Ended
Jul. 04, 2020
Earnings Per Share [Abstract]  
Calculation of EPS and Reconciliation of Weighted Average Common Shares Used in Calculation of Basic and Diluted EPS

The table below presents the calculation of EPS and a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

July 4,

 

 

June 29,

 

 

July 4,

 

 

June 29,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

(in thousands, except per share amounts)

 

Net income

$

2,199

 

 

$

17,045

 

 

$

17,799

 

 

$

25,302

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - Basic

 

58,943

 

 

 

58,394

 

 

 

58,806

 

 

 

58,264

 

Add:  Dilutive effect of stock compensation plans

 

197

 

 

 

897

 

 

 

341

 

 

 

984

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - Diluted

 

59,140

 

 

 

59,291

 

 

 

59,147

 

 

 

59,248

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.04

 

 

$

0.29

 

 

$

0.30

 

 

$

0.43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

$

0.04

 

 

$

0.29

 

 

$

0.30

 

 

$

0.43