Earnings Per Share (Details) - shares

3 Months Ended

Apr. 04, 2026

Mar. 29, 2025

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Earnings Per Share

Earnings Per Share

Basic earnings per share is calculated based upon the weighted average number of common shares actually outstanding, and diluted earnings per share is calculated based upon the weighted average number of common shares outstanding and other dilutive securities.

The company’s potentially dilutive securities consist of shares issuable upon vesting of restricted stock grants, computed using the treasury method, and amounted to 11,000 for the three months ended April 4, 2026. There were no potentially dilutive securities for the three months ended March 29, 2025.

For the three months ended March 29, 2025, the average market price of the company's common stock exceeded the exercise price of the Convertible Notes (as defined below) resulting in 1,027,000 diluted common stock equivalents to be included in the diluted net earnings per share.

Earnings Per Share, Policy

Earnings Per Share

Basic earnings per share is calculated based upon the weighted average number of common shares actually outstanding, and diluted earnings per share is calculated based upon the weighted average number of common shares outstanding and other dilutive securities.

Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements

11,000

Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities

1,027,000